Need answer the accounting question not use chatgpt How much would $20,000 due in 50 years be worthtoday if the discount rate were 7.5%?a. $438.03b. $461.08c. $485.35d. $510.89e. $537.78

Given:Present value (PV) = ?Future value (FV) = $20,000Discount rate (r) = 7.5%Number of periods (n)…

Answered: How much would $20,000 due in 50 years…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%? a. $438.03 b. $461.08 c. $485.35 d. $510.89 e. $537.78