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.