An investment will pay you 88000 in six years assume the, Financial Management

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An investment will pay you 88000 in six years assume the

An investment will pay you $88,000 in six years. Assume the appropriate discount rate is 8 percent compounded daily. Required: What is the present value? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Use 365 days in a year. Round your answer to 2 decimal places (e.g., 32.16).) Present value $

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Financial Management: An investment will pay you 88000 in six years assume the

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