Question: Phil Goode will receive $ 1 7 5 , 0 0 0 in 5 0 years. His friends are very jealous of him. If the

Phil Goode will receive $175,000 in 50 years. His friends are very jealous of him. If the
funds are discounted back at a rate of 14 percent, what is the present value of his
future "pot of gold"?
Phil Goode will receive $175,000 in 50 years. His friends are

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