You are writing the great American novel, and have signed a contract with the world's most prestigious
Question:
a. If interest rates are 5%, what is the value today of the publisher's future payments?
b. Suppose the publisher offers you $80,000 after the first draft and $125,000 following revisions. Is this a better deal than the original offer?
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Related Book For
Microeconomics
ISBN: 9781464146978
1st Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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