Question: Ms . R . Emm has purchased land for $ 9 0 , 0 0 0 in cash today and another $ 4 5 ,

Ms. R. Emm has purchased land for $90,000 in cash today and
another $45,000 four years from today. Interest rates over a
four-year period are currently 8 percent, compounded
semiannually.
Ms. R. Emm has purchased land for $90,000 in cash today and
another $45,000 four years from today. Interest rates over a
four-year period are currently 8 percent, compounded
semiannually.
Calculate the cash value of the property.(Use a
Financial calculator to arrive at the answer. Round the final
answer to the nearest whole dollar.)

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