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Sherwin Williams will earn $19,250 a year for the next 18 years for a picture he has painted. At an interest rate of 9 percent,

Sherwin Williams will earn $19,250 a year for the next 18 years for a picture he has painted. At an interest rate of 9 percent, how much are the earnings worth today? (Enter your answer as a positive number rounded to 2 decimal places.)

b. Should he be willing to sell his future earnings now for $164,000?

  • No

  • Yes

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