Use the Information for the Question(s)below

question 39

Essay

Use the information for the question(s)below.
Joe just inherited the family business,and having no desire to run the family business,he has decided to sell it to an entrepreneur.In exchange for the family business,Joe has been offered an immediate payment of $100,000.Joe will also receive payments of $50,000 in one year,$50,000 in two years,and $75,000 in three years.The current market rate of interest for Joe is 6%.
-In terms of present value,how much will Joe receive for selling the family business?

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Audio File Type

A format in which audio data is stored on a computer, such as MP3, WAV, or AAC, differing in sound quality and file size.

WMA

Windows Media Audio, a proprietary audio format developed by Microsoft.

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A software tool or application used for creating and editing music or software code, depending on the context.

Virtual Reality

A simulated experience that can be similar to or completely different from the real world, created using computer technology to immerse the user in a digital environment.