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3. Carrie Tune will receive $24,000 a year for the next 25 years as payment for a song she has just written. If a present
3. Carrie Tune will receive $24,000 a year for the next 25 years as payment for a song she has just written. If a present 13 percent discount rate is applied: (Round the final answer to the nearest whole dollar): (5 marks) a. Calculate the present value. b. Should she be willing to sell out her future rights now for $174,000 ? c. Calculate the present value if the payments will be made at the beginning of each year. d. Would she be willing to sell her future rights now for $174,000, if the payments will be made at the I beginning of each year
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