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Posted on Aug 06, 2024

Phil Goode will receive $ 1 7 5 , 0 0 0 in 5 0 years. His friends are very jealous of him. If the

Phil Goode will receive $

175, 000

50

years. His friends are very jealous of him. If the

funds are discounted back at a rate of

14

percent, what is the present value of his

future "pot of gold"?

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