Snopp Dogg has a net worth of $160 Million. In collaboration with Corona (owned by Constellation...

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Snopp Dogg has a net worth of $160 Million. In collaboration with Corona (owned by Constellation Brands, a Rochester NY company) Snoop developed an insulated sleeve for Corona cans. He agreed to be paid $240,000 in the first year with uniform increases of $50,000 for the next 8 years. Using 8% interest what is the Present Value of this revenue stream for Snoop? Snopp Dogg has a net worth of $160 Million. In collaboration with Corona (owned by Constellation Brands, a Rochester NY company) Snoop developed an insulated sleeve for Corona cans. He agreed to be paid $240,000 in the first year with uniform increases of $50,000 for the next 8 years. Using 8% interest what is the Present Value of this revenue stream for Snoop?

Answer rating: 100% (QA)

To calculate the present value of the revenue stream for Snoop Dogg we need to discount the future c... View the full answer