Phil Goode will receive $119,000 in 25 years. Sounds great! However if current interest rates suggested for discounting are 19 percent, what is the present worth of his future pot of gold? Use Appendix B. (Round "PV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.)

Present value $______

Phil Goode will receive $119,000 in 25 years. Sounds great! However if current interest rates suggested for discounting are 19 percent, what is the present worth of his future pot of gold"? Use Appendix B. (Round "PV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.) Present value $ APPENDIX B Present Value of $1, PV, PV = FVLC +") = F(1 + i)* Period 5% 2. 3. 4 5. 6. 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 1% 0.990 0.980 0.971 0.961 0.951 0.942 0.933 Wed 0.923 We 0.914 0.905 0.896 0.887 0.879 0.870 0.861 or wo 0.853 Wom 0.844 0.836 0.828 0.820 0.780 0.742 0.672 0.608 2% 0.980 0.961 0.942 0.924 0.906 0.888 0.871 were 0.853 0.837 0.820 0.804 0.788 0.773 Vio 0.758 0.743 0.728 0.714 Von 0.700 0.686 0.673 0.610 0.552 0.453 0.372 3% 0.971 0.943 0.915 0.885 0.863 0.837 0.813 0.789 0.766 0.744 0.722 0.701 0.681 0.661 0.642 0.623 0.605 --- 0.587 0.570 0.554 0.478 0.412 0.307 0.228 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 - 0.555 0.534 ww 0.513 0.494 0.475 0.456 0.375 0.308 0.208 0.141 0.952 0.907 0.864 0.823 0.784 0.746 0.711 Wor 0.677 0.645 0.614 0.585 -- 0.557 0.530 0.505 Wewe Veto 0.481 Watoto 0.458 0.436 0.416 0.396 0.377 0.295 0.231 0.142 0.087 Percent 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 wa Waa 0.627 0.592 0.558 - 0.527 0.497 vo Warto 0.469 0.442 - 0.417 0.394 0.371 0.350 0.331 0.312 0.233 0.174 0.097 0.054 7% 0.935 0.873 0.816 0.763 0.713 0.666 0.623 0.582 0.544 0.508 votre 0.475 0.444 0.415 0.388 0.362 0.339 0.317 0.296 0.277 0.258 0.184 0.131 0.067 0.034 8% 0.926 0.857 0.794 0.735 We 0.681 0.630 0.583 wo 0.540 0.500 0.463 0.429 0.397 0.368 0.340 M 0.315 0.292 0.270 Ver 0.250 0.232 0.215 Wala 0.146 0.099 0.046 0.021 9% 0.917 0.842 0.772 0.708 0.650 0.596 wa 0.547 0.502 wala 0.460 0.422 0.388 0.356 0.326 0.299 0.275 0.252 0.231 We 0.212 0.194 0.178 0.116 0.075 0.032 0.013 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0.180 0.164 0.149 0.092 0.057 0.022 0.009 11% 0.901 0.812 0.731 0.659 0.593 0.535 www 0.482 10 0.434 0.391 0.352 0.317 0.286 0.258 0.232 0.209 0.188 0.170 0.153 0.138 0.124 0.074 0.044 0.015 0.005 Period 1 2. 3. 4 5 6 7 8 9 10 11 12. 13. 14 15. 16. 17 18 12% 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0.130 0.116 0.104 0.059 0.033 0.011 0.003 13% 0.885 0.783 ca 0.693 0.613 0.543 0.480 0.425 0.376 0.333 0.295 0.261 0.231 0.204 0.181 0.160 0.141 0.125 0.111 0.098 0097 0.087 0.047 0.026 0.008 0.002 14% 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 0.300 0.270 0.237 0.208 0.182 0.160 0,140 0.123 0.108 0.095 0.083 0.073 0.038 0.020 0.005 0.001 15% 0.870 0.756 0.658 -- 0.572 0.497 0.432 0.376 0.327 0.284 0.247 0.215 0.187 0.163 0.141 0.123 0.107 0.093 0.081 0.070 ei 0.061 0.030 0.015 0.004 0.001 16% 0.862 0.743 ca 0.641 0.552 0.476 0.410 0.354 0.305 0.263 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 SO 0.051 0.024 0.012 0.003 0.001 17% 0.855 0.731 0.624 0.534 0.456 0.390 0.333 0.285 0.243 0.208 0.178 0.152 0.130 0.111 0.095 0.081 0.069 0.059 0.051 0.043 0.020 0.009 0.002 0 Percent 18% 0.847 0.718 0.609 0.515 0.437 0.370 0.314 0.266 0.225 0.191 0.162 0.137 0.116 0.099 0.084 0.071 0.060 0.051 0.043 0.037 0.016 0.007 0.001 0 19% 0.840 0.706 COD 0.593 0.499 0.419 0.352 0.296 0.249 0.209 0.176 0.148 0.124 0.104 0.088 0.074 0.062 0.052 0.044 0.037 0.031 0.013 0.005 0.001 0 20% 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 0.162 0.135 0.112 0.093 0.078 0.065 0.054 0.045 0.038 0.031 0.026 0.010 0.004 0.001 0 25% 0.800 0.640 0.512 0.410 0.320 0.262 0.210 0.168 0.134 0.107 0.086 0.069 0.055 0.044 0.035 0.028 0.023 0.018 0.014 0.012 0.004 0.001 0 0 30% 0.769 0.592 0.455 0.350 0.269 0.207 0.159 0.123 0.094 0.073 0.056 0.043 0.033 0.025 0.020 0.015 0.012 0.009 0.007 002 0.005 0.001 0 0 0 35% 0.741 0.549 0.406 0.301 0.223 0.165 0.122 0.091 0.067 0.050 0.037 0.027 0.020 0.015 0.011 0.008 0.006 0.005 000 0.003 000 0.002 0.001 0 0 0 40% 0.714 0.510 0.364 0.260 0.186 0.133 0.095 0.068 0.048 0.035 0.025 0.018 0.013 0.009 0.006 0.005 0.003 0.002 0.002 0.001 0 0 50% 0.667 0.444 0.296 0.198 0.132 0.088 0.059 0.039 0.026 0.017 0.012 0.008 0.005 0.003 0.002 0.002 0.001 0.001 0 19. 20. 0 0 25 30. 40. 50. 0 0 0 0 0 Note: Factor calculation with calculator Set LV-1 Set PMT -0 Select = number of required periods Select required interest rate coup PV-? Excel Spreadsheet PVV., O.FVO) 1 - Decimal or % 1 = For beginning of period (5th spot)