Charlie Brown will receive $50,000 on December 31, 2009 (5 years from now) from a trust fund

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Charlie Brown will receive $50,000 on December 31, 2009 (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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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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