a. What is the present value of $190,000 to be received after 25 years with a 16 percent discount rate? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Answer is complete but not entirely correct. b. Would the present value of the funds in part a be enough to buy a $4,500 concert ticket? Yes No Present value of $1,PVIF PV=FV[1/(1+i)n]