Will Smith will receive $80,000 on December 31, 2020 (5 years from now), from a trust fund
Question:
Will Smith will receive $80,000 on December 31, 2020 (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?
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Answered By
Jehal Shah
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Related Book For 
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
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Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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