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What is the present value of payments for carrie tune

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Reference no: EM132987301

Carrie Tune will receive $32,800 for the next 16 years as a payment for a new song she has written. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

Problem a. What is the present value of these payments if the discount rate is 17 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Problem b. Should she be willing to sell out her future rights now for $208,000?

Reference no: EM132987301

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