Question
Phil Goode will receive $108,000 in 20 years. His friends are very jealous of him. If the funds are discounted back at a rate of
Phil Goode will receive $108,000 in 20 years. His friends are very jealous of him. If the funds are discounted back at a rate of 15 percent, what is the present value of his future pot of gold? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Present Value:
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Matlab An Introduction with Applications
Authors: Amos Gilat
5th edition
1118629868, 978-1118801802, 1118801806, 978-1118629864
