Using the formula and financial calculator methods

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Reference no: EM131525450

1. What is the present value of $140,000 to be received after 30 years with a 14 percent discount rate? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value $

b. Would the present value of the funds in part a be enough to buy a $2,900 concert ticket?

Yes

Reference no: EM131525450

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