(Answered) The contract signed in march 2015 by ndamukong suh that we

Finance

The contract signed in March 2015 by Ndamukong Suh that we discussed at the beginning of the chapter was actually paid as a $5.1 million signing bonus to be paid immediately and $985,000 in salary for 2015. The remaining salary was $28,585,000 in 2016, $15,085,000 in 2017, $22,085,000 in 2018, $24,085,000 in 2019, and $18,360,000 in 2020. If the appropriate interest rate is 11 percent, what kind of deal did the defensive tackle sack? Assume all payments other than the first $5.1 million are paid at the end of each year.

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