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Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for three years, she will receive a bonus

Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for three years, she will receive a bonus of $4,900.

With an annual discount rate of 6%, calculate the value today of receiving $4,900 in three years. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.)

Present value =

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