Your sister has been told to budget $900, $1,200, $1,200, $1,000 for books and basic supplies for her four years at college. Assume that the first payment will be made in one year. If the discount rate is 6%, what is the present value of these anticipated payments? $3,995.38 $4,088.63 $3.716.69 $3,804.89 $3,765.28