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Question - Phil Goode will receive $112,000 in 19 years. His friends are very jealous of him.
If the funds are discounted back at a rate of 14 percent, what is the present value of his future "pot of gold"?
Accounting Basics, Accounting
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Question - Phil Goode will receive $112,000 in 19 years. His friends are very jealous of him. If the funds are discounted back at a rate of 14 percent, what is the present value of his future "pot of gold"?
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