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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Definitions:

Big Five Trait

Refers to the five broad dimensions of personality, including openness, conscientiousness, extraversion, agreeableness, and neuroticism, used to describe human personality.

Neuroticism

Neuroticism is a personality trait characterized by emotional instability, anxiety, moodiness, worry, and sadness.

Conscientiousness

A personality trait characterized by thoroughness, a strong sense of duty, and a disciplined approach to tasks.

Affiliation

A connection or association with a group or organization.