Question $4(2$ points$)$

$$ Sneed

An investment will pay $$1,000$ per year for $20$ years. However, the first payment will not be paid for exactly $11$ years. If your personal discount rate is $8\%,$ how much can you pay for this investment today? $($Round to the nearest dollar$)$

$$4\mathrm{.}912$

$$4\mathrm{.}548$

$$6,184$

$$4,211$

$$5\mathrm{.}304$