Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls round to the nearest cent 15-19 (similar to) Question Help Related to Checkpoint 5.4) (Present value) Ronen Consulting has just realized an accounting error

image text in transcribed

pls round to the nearest cent

15-19 (similar to) Question Help Related to Checkpoint 5.4) (Present value) Ronen Consulting has just realized an accounting error that has resulted in an unfunded ability of $375,000 due in 30 years. In other words, they will need $375,000 in 30 years Tort Flanders, the company's CEO, is scrambling to discount the liability to the present to assist in valuing the firm's stock. If the appropriate discount rate is 8 percent, what is the present value of the liability? If the appropriate discount rate is 8 percent, the present value of the $375,000 liability due in 30 years is $_ (Round to the nearest cent.) Activate Windows Enter your answer in the answer box and then click Check Answer Clear A All parts showing O Type here to search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions