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view Question 2 of 7 View Policies Current Attempt in Progress Vi < > Click here to view factor tables. Present value Steve Smith will
view Question 2 of 7 View Policies Current Attempt in Progress Vi < > Click here to view factor tables. Present value Steve 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, e.g. 1.25124. Round answer to the nearest whole dollar, e.g. 5,275.) $ -/1.5 |||
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