a. What is the present value of $270,000 to be received after 40 years with a 19 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. Present value b. Would the present value of the funds in part a be enough to buy a $1,300 concert ticket? O No Yes 4

What is the present value of $270,000 to be received after 40 years with a 19 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. Would the present value of the funds in part a be enough to buy a $1,300 concert ticket? No Yes