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.)