Business, 30.12.2019 22:31, lzjsjdhdgd442
Afamous quarterback just signed a $18.0 million contract providing $3.6 million a year for 5 years. a less famous receiver signed a $17.0 million 5-year contract providing $4 million now and $2.6 million a year for 5 years. the interest rate is 10%. 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.) present value $ million b) what is the pv of the receiver's contract? (do not round intermediate calculations. enter your answer in millions rounded to 2 decimal places.) present value $ million c) who is better paid? a. quarterback b. receiver
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Afamous quarterback just signed a $18.0 million contract providing $3.6 million a year for 5 years....
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