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Problem 9-13 (calculator version) George Penny will receive $30,800 for the next 10 years as a payment for a slogan he coined. Currently a 8

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Problem 9-13 (calculator version) George Penny will receive $30,800 for the next 10 years as a payment for a slogan he coined. Currently a 8 percent discount rate is appropriate. (Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.) a-1. Calculate the present value. Present value $ a-2. Should he be willing to sell his future rights now for $202,000? O No O Yes 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 $202,000, if payments will be made at the beginning of the year? O Yes O No

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