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Dr. Will has written a new song. She will receive $30,000 for the next 11 years as a payment. Calculate your final answer using the
Dr. Will has written a new song. She will receive $30,000 for the next 11 years as a payment. Calculate your final answer using the formula and financial calculator methods. a. What is the present value of these payments if the discount rate is 14 percent? b. Should she be willing to sell out her future rights now for $167,000? Round your final answer to 2 decimal places.
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