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Carrie Tune will receive $21,000 a year for the next 15 years as payment for a song she has just written. If a present 11

image text in transcribed Carrie Tune will receive $21,000 a year for the next 15 years as payment for a song she has just written. If a present 11 percent discount rate is applied: (Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.) a-1. Calculate the present value. Present value $ a-2. Should she be willing to sell out her future rights now for $175,000 ? Yes No 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 $175,0000, if the payments will be made at the beginning of each year? No Yes

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