Question: Question 08 Alan Smith will receive $89,600 on 5 years from now, from a trust fund established by his father. Assuming the appropriate interest rate

Question 08 Alan Smith will receive $89,600 on 5 years from

Question 08 Alan Smith will receive $89,600 on 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 valu of this amount today? (Round factor values to 5 decimal places, e.g. 1.25124. Round answers to the nearest whole dollar, e.g. 5,275.) Click here to view factor tables Present value Click if you would like to Show Work for this question: Open Show Work

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