Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a. what is the present value of $200,000 to be rec

a. What is the present value of $200,000 to be received after 30...

60.1K

Verified Solution

Question

Accounting

image

a. What is the present value of $200,000 to be received after 30 years with a 15 percent discount rate? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value b. Would the present value of the funds in part a be enough to buy Dr. Danielsen's used minivan for $3,020 ? Yes

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

31 River water is often used in industrial processes and is then returned to the...

General Management
1.2K views

You have just acquired a small storefront business. You want to expand and have an e-commerce...

General Management
1.2K views

How did your participation and the work of 'presenting' alter the way you think and approach...

Biology
1.2K views

Darwin s Understanding Main Ideas Answer the following questions on a separate sheet of paper...

Physics
1.2K views

In the figure shown if extension of spring is xo at time t the displacement...

Statistics
1.2K views

If a seed is planted it has a 75 chance of growing into a healthy...

Algebra
1.2K views

3 Simplify if possible 153 22 3 2 4 Simplified

Algebra
1.2K views

(Restrictions, linear equations, interval notation, domain) To find the domain of a function we need...

Accounting
1.2K views

George, age 40, is married with two daughters. His primary goals include saving for retirement,...

Accounting
1.2K views

Toxaway Company is a merchandiser that segments its business into two divisionsCommercial and Residential. The...

Accounting
1.2K views

After several years of profitable operations, Javell, the sole shareholder of JBD Incorporated, a C...

Accounting
1.2K views

Jester Corporation's most recent income statement appears below: Income Statement ...