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You have just purchased an investment account that generates the following cash flows for the next 4 years. You are able to reinvest these cash flows at 10.3%, compounded annually.

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You have just purchased an investment account that generates the following

cash flows for the next 4 years. You are able to reinvest these cash flows at 10.3%, compounded annually.
End of Year
1. $1,241
2. $3,992
3. $334
4. $1,984
What is the present value of this investment if 10.3% per year is the appropriate discount rate? Round to 2 decimal places.

 
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