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Corrie Tune will receive $19,000 a year for the next 20 years as payment for a song she has just written. If a present 9

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Corrie Tune will receive $19,000 a year for the next 20 years as payment for a song she has just written. If a present 9 percent discount rate is applied: (Use o Finoncial calculator to orrive at the onswers. Round the final answers to the neorest whole dollor.) Q.1. Calculate the present value. Present value $ 0-2. Should she be willing to sell out her future rights now for $166,000 ? No Yes b-1. Calculate the present value if the payments will be made at the beginning of each year Present value s. b-2. Would she be willing to sell her future nghts now for $166,0000, if the payments will be made at the beginning of each year? Yes No

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