Carrie Tune will receive $32,500 for the next 15 years as a payment for a...
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Finance
Carrie Tune will receive $32,500 for the next 15 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.
a. What is the present value of these payments if the discount rate is 17 percent?
Present Value=?
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