What is the present value of his future pot of gold

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Reference no: EM131900857

Phil Goode will receive $102,000 in 19 years. His friends are very jealous of him. If the funds are discounted back at a rate of 18 percent, what is the present value of his future “pot of gold”? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

Reference no: EM131900857

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