Being able to discount future cash flows using different compound frequencies is a critical skill.\ If you need

$5,000

in 4 years' time and your investment generate

6%

interest per year, compounded semi-\ annually, how much do you need to put away today (i.e. what is the present value)?\

$3,947.05

\

$3,137.06

\

$4,716.98

\

$3,960.47

Being able to discount future cash flows using different compound frequencies is a critical skill. If you need $5,000 in 4 years' time and your investment generate 6% interest per year, compounded semiannually, how much do you need to put away today (i.e. what is the present value)? $3,947.05 $3,137.06 $4,716.98 $3,960.47