Question: Question: (basic present value) You have been told you will receive $ 75,000 at some time in the future. In the meantime you can earn

Question:

(basic present value) You have been told you will receive $ 75,000 at some time in the future. In the meantime you can earn interest at annual rate of 6%.How much is the $ 75,000 worth to you today if the time you must have wait for its receipt is 5 years?

Please explain and do not copy from Chegg. Otherwise i have to report the answer.

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