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07-05-2024
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What is the present value of $220,000 to be received after 40 years with a 18 percent discount rate? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Would the present value of the funds in part a be enough to buy a $200 concert ticket?

A. Yes
B. No

Answer :

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