Problem: Thorton will receive an inheritance of $500,000 three years from now. Thorton's discount rate is 10% interest rate compounded semiannually. Which of the following values is closest to the amount that Thorton should accept today for the right to his inheritance?
- $ 373,108.
- $ 375,657.
- $ 665,500.
- $ 670,048.
- None of the above is within $10 of the correct answer.