Submit Les Moore retired as president of Goodman Snack Foods Company but is currently on...
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Submit Les Moore retired as president of Goodman Snack Foods Company but is currently on a consulting contract for $53,000 per year for the next 12 years. a. If Mr. Moore's opportunity cost (potential return) is 10 percent, what is the present value of his consulting contract (Round your final answer to 2 decimal places.) Present value b. Assuming Mr. Moore will not retire for two more years and will not start to receive his 12 payments until the end of the third year what would be the value of his deferred annuity? (Round your final answer to 2 decimal places.) Present value Help Save & Exit Ambrin Corp. expects to receive $7,000 per year for 15 years and 58,500 per year for the next 15 years. What is the present value of this 30 year cash flow? Multiple Choice $63,112 $73,899 $111.461 none of these
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