help 5

Carrie Tune will receive $27,750 for the next 5 years as a payment for a new song she has written. Use Appendix 0 for an approximate answer, but calculate your final answer using the formula and financial calcutator methods. a. What is the present value of these payments if the discount rate is 7 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. b. Should she be willing to sell out her future rights now for $161,000