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George Penny will receive $31,250 for the next 12 years as a payment for a slogan he coined. Currently a 11 percent discount rate is
George Penny will receive $31,250 for the next 12 years as a payment for a slogan he coined. Currently a 11 percent discount rate is appropriate. (Use a Financial calculator to arrive at the answers, Round the final answers to the nearest whole dollar.) 2-1. Calculate the present value. Present value $ a-2. Should he be willing to sell his future rights now for $204,000? Yes O No b-1. Calculate the present value if the payments will be made at the beginning of the year. Present value $ b-2. Should he be willing to sell his future rights now for $204.000, if payments will be made at the beginning of the year? O Yes ONo
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