BUS 225 DAYONE LL
BUS 225 DAYONE LL
17th Edition
ISBN: 9781264116430
Author: BLOCK
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 9, Problem 3P

a. What is the present value of $140,000 to be received after 30 years with a 14 percent discount rate?

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

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BUS 225 DAYONE LL

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