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Phil Goode will receive $101,000 in 18 years. His friends are very jealous of him If the funds are discounted back at a rate of

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Phil Goode will receive $101,000 in 18 years. His friends are very jealous of him If the funds are discounted back at a rate of 16 percent, what is the present value of his future "pot of gold" Use Aprendix.B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Phil Goode will receive $101,000 in 18 years. His friends are very jealous of him If the funds are discounted back at a rate of 16 percent, what is the present value of his future "pot of gold" Use Aprendix.B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places

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