Paula Poser will receive $80,000 on December 31, 2024, from a trust fund established by her mother. Assuming the appropriate interest rate for discounting is 12% (compounded semiannually), what is the present value of this amount as of January 1, 2020 (5 years earlier)? Use the formula approach.

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The Answer of Paula Poser will receive $80,000 on December 31, 2024, from a trust fund established by her mother. Assuming the appropriate interest rate for discounting is 12% (compounded semiannually), what is the present value of this amount as of January 1, 2020 (5 years earlier)? Use the formula approach.

Paula Poser Will Receive $80,000 on December 31, 2024, from a Trust