Determine present valuea basketball player has just signed, Ask an Expert

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Determine Present Value

A basketball player has just signed a $30 million contract to play for three years. She will receive $5 million as an immediate cash bonus, $5 million at the end of the first year, $8 million at the end of the second year, and the remaining $12 million at the end of the contract.

Assuming a discount rate of 10 percent, what is the value of the package?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91266556

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