Phil Goode will receive $175,000 in 50 years. His friends are very jealous of him. If the

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Phil Goode will receive $175,000 in 50 years. His friends are very jealous of him. If the funds are discounted back at a rate of 14 percent, what is the present value of his future "pot of gold"?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Mar 21, 2017 11:22 AM

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Phil Goode will receive $175,000 in 50 years. His friends are very jealous of him. If the

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Foundations of Financial Management

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