The next stage reads the held voltage, not the later input. Exact arithmetic here means exact results for the stated model inputs; measured inputs still carry uncertainty and significant-figure limits.
highlighted = computed this step
The held value is the next input
The held output is 4 volts, so the next stage sees that value.
Vnext=4V
The held value crosses the upper threshold
The held value of 4 volts is above the upper threshold of 3 volts.