Question: Show me the steps to solve Your cousin, Joe, has a trust fund that will pay him $ 1 5 0 , 0 0 0

Show me the steps to solve Your cousin, Joe, has a trust fund that will pay him $150,000 at the end of 10 years. Joe, however, wants his money today. He promises to sign his trust fund over to you if you give him some money today. You require a 20 percent interest rate on money you lend to family. How much would you be willing to lend under these terms?

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