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Question 19 1 pts Solve for PV. Mr. Smith is considering lending money to an adult-aged son who promises to pay $53,876 in 12 years

Question 19 1 pts Solve for PV. Mr. Smith is considering lending money to an adult-aged son who promises to pay $53,876 in 12 years at rate of 5% compounded annually, adding that 5% is a competitive return on a safe investment. What is the loan amount being discussed today? $23,089 $30,000 $25,550 $22,000 $28.000

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