A famous quarterback just signed a 12.5 million contract, Ask an Expert

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A famous quarterback just signed a $12.5 million contract providing $2.5 million a year for 5 years. A less famous receiver signed a $11.5 million 5-year contract providing $4 million now and $1.5 million a year for 5 years. The interest rate is 10%.

a. find out the PV of the quarterback.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M946968

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