Molly has been told that if she can sell enough widgets annually, she will be in line for the following bonuses over the course of the next 3 years.
A. Year 1 - $10,000
B. Year 2 - $15,000
C. Year 3 - $20,000
With this data, calculate the present value of Molly's future bonus payment at 4% interest, assuming she will achieve her sales targets.