Roy is going to receive a payment of $5,000 one year from today. He earns an average of 6% on his investments. What is the present value of this payment? $4, 717 $4, 821 $5,000 $5, 300 $5, 500 An investment pays you 9 percent interest compounded semiannually. A second investment of equal risk, pays interest compounded quarterly. What nominal rate of interest would you