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Part $1$

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

Part $2$

The present value of a loan in which $$$$5000$ is to be paid out a year from today with the interest rate equal to $4\%$ is $$$ $\text{'}\text{'}$blank$\text{'}\text{'}.($Round your response to the neareast two decimal$$ place$)$

Part $3$

If a loan is paid after two$$ years, and the amount $$$$9000$ is to be paid then with a corresponding $4\%$ interest$$ rate, the present value of the loan is $$$

$\text{'}\text{'}$Blank$\text{'}\text{'}($Round your response to the neareast two decimal$$ place$)$