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Carrie Tune will receive $20,000 a year for the next 17 years as payment for a song she has just written. If a present 9

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Carrie Tune will receive $20,000 a year for the next 17 years as payment for a song she has just written. If a present 9 percent discount rate is applied: (Use a Financial calculator to arrive at the answers. Round the final answers to the nearect whole dollar.) a-1. Calculate the present value. Present value $ a.2. Should she be willing to sell out her future rights now for $170,000 ? No Yes b-1. Calculate the present value if the payments will be made at the beginning of each year Present value $ b-2. Would she be willing to sell her future rights now for $170,0000, if the payments will be made at the beginning of each year? Yes No

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