Question: Morgan Smith will receive $ 7 0 , 4 0 0 5 years from now, from a trust fund established by his father. Assuming the

Morgan Smith will receive $70,4005 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.)
Click here to view factor tables.
Present value $
Morgan Smith will receive $70,4005 years from now, from a trust

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