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Dr. Davis will earn $30,500 for the next 13 years as payment for a new drug he participated in developing. a. How much are his

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Dr. Davis will earn $30,500 for the next 13 years as payment for a new drug he participated in developing. a. How much are his payments worth now if the interest rate is 17 percent? (Enter your answer as a whole number rounded to 2 decimal places.) b. Should he be willing to sell the future payments for $200,000 now? O No Yes

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