how to slove on the BA II PLUS caluctlator

Score: 0 of 1 pt 8 of 12 HW Score: 69.17%, 8.3 of 12 pts Post XP 4-29 (similar to) Question Help Get an es You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17 years. You expect that the drug's profits will be $2 milion in its first year and that this amount will grow at a rate of 2% per year for the next 17 years. Once the patent expires, other pharmaceutical companies will be able to produce the same drug and competition will likely drive profits to zero What is the present value of the new drug if the interest rate is 11% per year? How it