John Pedrick has just completed a meeting with the credit manager of your company. Pedrick Company is 180 days late paying its \($50,000.00\) outstanding account receivable. The credit manager informs you that he has negotiated a settlement with John Pedrick that provides for Pedrick Company to pay only \($40,000.00\) to settle the account. The payment will be received in three years. “At least | got \($40,000.00\) on the account,’ states the credit manager. Do you agree with his statement?