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What is the present value of $260,000 to be received after 50 years with a...

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Finance

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

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