Thorton Will Receive an Inheritance of $500,000 Three Years from Now

Multiple Choice

Thorton will receive an inheritance of $500,000 three years from now. Thorton's personal discount rate corresponds to a 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?

A) $373,108
B) $375,657
C) $665,500
D) $670,048