Question 4: The Stack has just written and recorded the single greatest rock son

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Question 4: The Stack has just written and recorded the single greatest rock song ever made. The boys in the band believe that the royalties from this song will pay the band a handsome $250,000 every year (at the end of the year) forever. The record studio is also convinced that the song will be a smash hit and that the royalty estimate is accurate. The record studio wants to pay the band up front and not make any more payments for the song. What should the record company offer the band if it uses a 5.5% discount rate, a 7.5% discount rate, or a 10.5% discount rate?

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Posters rating is not 100%. Hence Pl dont answer this post as this person has been irresponsible in rating answers. So he don't deserve any solutions here. First make him rate all pending posts truthfully & also pledge that he will rate all answers within 2 days to be eligible for help from Educators & others. Till such time, just ignore all posts where rating is not 100%. This will make Cramster a better forum to contribute. Amen...

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