Paula Poser Will Receive $80,000 on December 31,2022,from a Trust

question 72

Essay

Paula Poser will receive $80,000 on December 31,2022,from a trust fund established by her mother.Assuming the appropriate interest rate for discounting is 12% (compounded semiannually),what is the present value of this amount as of January 1,2017 (5 years earlier)?

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