Calculating the present value of the funds, Finance Basics

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Calculating the present value of the funds

Question:

a. What is the present value of $100,000 to be received after 40 years with an 18 percent discount rate?

b. Would the present value of the funds in part a be enough to buy a $140 concert ticket?

Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references. Provide step by step solutions for the above question.

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Finance Basics: Calculating the present value of the funds

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