Calculate the value today of receiving

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Reference no: EM13825297

Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for four years, she will receive a bonus of $4,500.

With an annual discount rate of 3%, calculate the value today of receiving $4,500 in four years. Use Table 2.(Round "PV Factor" to 5 decimal places. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM13825297

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