9. What is the present value of $200,000 to be received in 30 years? Your required rate of return is 10% per year. 10. Given the same information in #9, what is the total amount of the interest earned on the money?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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9. What is the present value of $200,000 to be received in 30 years? Your required rate of
return is 10% per year.
10. Given the same information in #9, what is the total amount of the interest earned on the
money?
Transcribed Image Text:9. What is the present value of $200,000 to be received in 30 years? Your required rate of return is 10% per year. 10. Given the same information in #9, what is the total amount of the interest earned on the money?
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