Question: 4 Problem 9-24 Present value [LO9-3] Les Moore reted as president of Goodman Snack Foods Company but is currently on a consulting contract for $51000
4 Problem 9-24 Present value [LO9-3] Les Moore reted as president of Goodman Snack Foods Company but is currently on a consulting contract for $51000 per year for the next 10 years. Use Andaland Aupendix D) for an approximate answer, but calculate your final answer using the formula and MiMore's opportunity cost (potential return is R percent, what is the present value of his consulting contract? (Do not round intermediate calculations. Round your final answer to 2 decimal places) Pewnie Assuming Mr. Moore will not retice for two more years and will not start to receive his 10 payments until the end of the third year. what would be the value of his deferred annuity? (Do not round intermediate calculations. Round your final answer to 2 decimal pieces)
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