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a. What is the present value of $280,000 to be received after 40 years with a 16 percent discount rate? Use Appendix B as
a. What is the present value of $280,000 to be received after 40 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. Present value b. Would the present value of the funds in part a be enough to buy a $800 concert ticket?
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South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts
Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
41st Edition
978-1337385947, 1337390046, 1337385948, 9781337390040, 978-1337385985
