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Chris Smith will receive $65,600 5 years from now, from a trust fund established by his father. Assuming the appropriate interest rate for discounting is

image text in transcribed Chris Smith will receive $65,600 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? (Round factor values to 5 decimal places, eg. 1.25124. Round answer to the nearest whole dollar, eg. 5,275) Click here to view factor tables. Present value

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