Business, 04.02.2021 18:00 wilsonabbi6
A famous quarterback just signed a $14 million contract providing $3.5 million a year for 4 years. A less famous receiver signed a $10.6 million 4-year contract providing $3 million now and $3.2 million a year for 4 years. The interest rate is 8%.
a. What is the PV of the quarterback's contract? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
b. What is the PV of the receiver's contract?
Answers: 1
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A famous quarterback just signed a $14 million contract providing $3.5 million a year for 4 years. A...
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