What is the present value of $$260,000$ to be received after $50$ years with a $14$ 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 $$2,500$ concert ticket?

multiple choice

No

Yes