Answer:
The present value is $ 86,343.6123
Step-by-step explanation:
Given, Future Amount = $ 98000
Rate = 9%
Time = 18 Months
P = ( A ) / ( 1 + r * t )
= (98000) / ( 1 + (0.09)*(18/12))
= (98000) / 1.135
= $ 86,343.6123
Hence, The present value is $ 86,343.6123