Question: Using a present value table, your calculator, or a computer program present value function, verify that the present value of $100,000 to be received in

Using a present value table, your calculator, or a computer program present value function, verify that the present value of $100,000 to be received in five years at an intrest rate fo 16%, compounded annually, is $47610. Calculate the present valu of $100,000 for the following item using these facts, except: A discount rate of 12% is used. The cash will be received in seven years. Thanks much

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