of 3 years? 8. Will Smith will receive $80,000 5 years from now, from a trust fund established by his father. Assuming the appropriate interest rate for discounting is 12% (compounded semiannually), what is the present value of this amount today?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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of 3 years?
8. Will Smith will receive $80,000 5 years from now, from a trust fund
established by his father. Assuming the appropriate interest rate for
discounting is 12% (compounded semiannually), what is the present
value of this amount today?
Transcribed Image Text:of 3 years? 8. Will Smith will receive $80,000 5 years from now, from a trust fund established by his father. Assuming the appropriate interest rate for discounting is 12% (compounded semiannually), what is the present value of this amount today?
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