Question 08 Newman Smith will receive $96,000 on 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, e.g. 1.25124. Round answers to the nearest whole dollar, e.g. 5,275.) Click here to view factor tables Present value Brief Exercise 6-02 Jason Bautista needs $29,000 in 9 years. Click here to view factor tables What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 12% annual interest Investment at 12% annual interest, compounded quarterly Brief Exercise 6-03 Carla Willis will invest $31,800 today. She needs $113,070 in 26 years. Click here to view factor tables What annual interest rate must she earn? (Round answer to 0 decimal places, e.g. 7%.) Interest rate %