If the funds are discounted back at a rate of 13 percent, Financial Management

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If the funds are discounted back at a rate of 13 percent

Phil Goode will receive $109,000 in 25 years. His friends are very jealous of him.

If the funds are discounted back at a rate of 13 percent, what is the present value of his future “pot of gold”?

Sherwin Williams will receive $18,250 a year for the next 15 years as a result of a picture he has painted

a. What is the present value of these payments if the discount rate is 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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Financial Management: If the funds are discounted back at a rate of 13 percent

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Financial Management: If the funds are discounted back at a rate of 13 percent

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