Mathematics, 29.06.2020 22:01 honwismun1127
Andrew owns Hockey Plus, whose value is $150,000 today assuming normal growth. However, Andrew believes the value will grow at 15% per year for the next three years. He wants to take this rapid growth into consideration when valuing the business for a potential sale. Find the future value of the business in three years, then use that future value to find the present value at a rate of 6% compounded annually. $228,131.25 $178,652 $67,500 $191,543.56
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