Present Discounted Value is based on the notion that a dollar paid in the future is less valuable than a dollar paid today.

The present value of a loan in which $$5000$ is to be paid out a year from today with the interest rate equal to $5\%$ is $ $($Round your response to the neareast two decimal place$)$

If a loan is paid after two years, and the amount $$3000$ is to be paid then with a corresponding $2\%$ interest rate, the present value of the loan is $ $($Round your response to the neareast two decimal place$)$