An investment will pay you $95,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the present value?
Input area:
Future value of investment: $95,000
Number of years: 10
APR: 9%
Compounding periods per year: 365

Output area:
Present value of investment: 4
(Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value _____