S$06-18$ Calculating Present Values $[$LO$1]$

An investment will pay you $$95,000$ in $10$ years. If the appropriate discount rate is $8\mathrm{.}4$ percent compounded daily, what is the present value?

Note: Use $365$ days a year. Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Present value