blems Saved Phil Goode will receive $117,000 in 19 years. His friends are very jealous of him. If the funds are discounted back at a rate of 20 percent, what is the present value of his future "pot of gold"? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value