Question: a. What is the present value of $120,000 to be received after 30 years with a 16 percent discount rate? Use Appendix B as an

a. What is the present value of $120,000 to be receivedafter 30 years with a 16 percent discount rate? Use Appendix B

a. What is the present value of $120,000 to be received after 30 years with a 16 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. b. Would the present value of the funds in part a be enough to buy a $1,500 concert ticket? No Yes Present value of $1,PVIF PV=FV[1/(1+i)n]

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