Question: Daniel will receive $ 1,000,000 in 30 years from a fund his parents have established to help him in his retirement years. His friends are

Daniel will receive $ 1,000,000 in 30 years from a fund his parents have established to help him in his retirement years. His friends are very jealous of him. If the funds are discounted back at a rate of 8 percent, what is the present value of his future pot of gold?

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