A famous quarterback just signed a contract for 186 million, Ask an Expert

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A famous quarterback just signed a contract for $18.6 million, providing $3.1 million a year for 6 years. A less famous receiver signed a contract for $17.6 million, providing $5 million now and $2.1 million a year for 6 years. The interest rate is 9%. 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? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) c. Who is better paid? Quarterback Receiver

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Financial Management, Finance

Category:- Financial Management
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