(Carry out your intermediate calculations to 4 decimal places; round to 2 decimal places in your final answer. Enter only numbers in the answer box.) You expect to receive annual payments of $1,000 for four years beginning one year from today. You can earn an annual return of 2%, compounded annually, on money invested today. What is the present value of these payments today? (Save your answer for the next question: What is the present value of these payments today if the first payment comes four years from today instead of today? Helpful formulas present value of a perpetuity PV = C/ present value of a growing perpetuity: PV = C/-9) present value of an annuity PV = (C/ r1-11 / (1r)