Problem
Cathy, a graduating civil engineering student, is offered a job at a remote construction project overseas. If Cathy is still with the project when it is completed at the end of year 5, she will receive a bonus of $100,000. Her discount rate is 12%. What is the present worth of the bonus?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.