You expect to receive royalties on a script that you wrote.

Assignment Help Finance You expect to receive royalties on a script that you wrote.

Finance

You expect to receive royalties on a script that you wrote.

You expect to receive royalties on a script that you wrote. You will receive $800,000 right now…. Show more You expect to receive royalties on a script that you wrote. You will receive $800,000 right now. Each year thereafter you expect to receive a payment that is 4% higher than the payment you received the year before. Therefore, the payment you receive in one year will be 4% higher than the payment you receive today, and so forth and so on. The final payment is in 19 years. The EAR (effective annual rate) is 6.7%. How much are the royalties worth. (In other words, what could you sell them for today?) • Show less

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