A famous quarterback just signed a $19.5 million contract providing $3.9 million a year for 5 years. A less famous receiver signed a $18.5 million 5-year contract providing $4 million now and $2.9 million a year for 5 years. The interest rate is 10%.
a. What is the PV of the quarterback's contract?

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05-06-2024
Business

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A famous quarterback just signed a $19.5 million contract providing $3.9 million a year for 5 years. A less famous receiver signed a $18.5 million 5-year contract providing $4 million now and $2.9 million a year for 5 years. The interest rate is 10%.
a. What is the PV of the quarterback's contract?

Sagot :

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