A famous quarterback just signed a $15 million contract providing $3 million a year for five years.
Question:
A famous quarterback just signed a $15 million contract providing $3 million a year for five years. A less famous receiver signed a $14 million five-year contract providing $4 million now and $2 million a year for five years. Who is better paid? The interest rate is 10 percent.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
PV QB 3 million Annuity Factor 10 t 5 PV QB 3 million 3791 11373 millio...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
Question Posted:
Students also viewed these Corporate Finance questions
-
Receiving $100,000 per year for five years is equivalent to investing what amount today at 14 percent? Provide a mathematical formula to solve this problem, assuming use of a present value annuity...
-
Receiving $100,000 per year for five years is equivalent to investing what amount today at 14 percent? Provide a mathematical formula to solve this problem, assuming use of a present value annuity...
-
Assume that the one-year U.S. interest rate is 10 percent and the one-year Canadian interest rate is 13 percent. If a U.S. firm invests its funds in Canada, by what percentage will the Canadian...
-
It was reported that 23% of U.S. adult cellphone owners called a friend for advice about a purchase while in a store. If a sample of 15 U.S adult cellphone owners is selected, what is the probability...
-
Rank these three types of radiation by their ability to penetrate this page of your book, from greatest penetration to least: a. Alpha particle b. Beta particle c. Gamma ray
-
Using the following data, how should the inventory be valued under lower of cost or market? Original cost ................................. $1,350 Estimated selling price ..........................
-
Distinguish critical aspects of ethnicity in the United States.
-
Stallman Company took a physical inventory on December 31 and determined that goods costing $200,000 were on hand. Not included in the physical count were $25,000 of goods purchased from Pelzer...
-
Mark Down Han Golf Emporium sells golf balls for $27.95 per dozen. The emporium's overhead expenses are 49% of cost and Nahee, the owner, requires a profit of 22% of cost. What is the break-even...
-
The marketing manager of Gilroy Incorporated accepted a rush order for a non-stock item from a valued customer. The manager filed the necessary paperwork with the production department, and a...
-
A leasing contract calls for an immediate payment of $100,000 and nine subsequent $100,000 semiannual payments at six-month intervals. What is the PV of these payments if the annual discount rate is...
-
In August 1994 the Wall Street Journal reported that the winner of the Massachusetts State Lottery prize had the misfortune to be both bankrupt and in prison for fraud. The prize was $9,420,713, to...
-
In the context of a 332 liquidation, a subsidiary corporation distributes property to its parent corporation in satisfaction of indebtedness. Discuss the tax consequences of this distribution for...
-
In very few cases do the new names of merged corporations signal clearly what the companies actually do. Your Task. Revise the above sentence to eliminate wordy phrases.
-
An e-mail announcing a study: a. We have noticed recently a gradual but steady decline in the number of customer checking accounts. We are disturbed by this trend, and for this reason I am asking our...
-
You have seen that e-mail is not universally loved although it is here to stay, despite the advent of real-time chat apps, texting, and other workplace short-form messaging. Email is the last great...
-
Why do you need to critically evaluate all information that engulfs you daily?
-
@JamesR. sent a message to the delivery service UPS complaining, Holy XXX. Its after 6 pm and UPS still hasnt delivered my pkg yet. Prepare a response based on the following information: UPS makes...
-
Which is an example of a chemical change? (a) Water freezes into ice crystals. (b) Aftershave or perfume on your skin generates a smell. (c) A piece of metal expands when heated. (d) A glass window...
-
The company manufactures three products: wooden chairs, tables and dressers. AFC started off as a 'Mom & Pop' shop but has grown rapidly. AFC uses one assembly line to build all three products,...
-
For the reaction answer the following questions: (a) Can a solution be prepared at 298 K that has (b) If not, in which direction will a reaction occur? 2 H+ (aq) + BrO4 (aq) + 2 Ce+ (aq) BrO3(aq) + 2...
-
Describe some alternative measures of a firms overall performance. What are their advantages and disadvantages? In each case discuss what benchmarks you might use to judge whether performance is...
-
Suppose that a firm has both fixed-rate and floating-rate debt outstanding. What effect will a decline in interest rates have on the firms times-interest-earned ratio? What about the ratio of the...
-
We noted that, when calculating EVA, you should calculate income as the sum of the aftertax interest payment and net income. Why do you need to deduct the tax shield? Would an alternative be to use a...
-
Provide a numerical example to illustrate how carry trade works?
-
If there are 3 6 0 million people living in the U . S , and 2 7 0 million are eligible workers while 1 5 0 million are in the labor force with 3 . 6 % unemployed, what is the number of unemployed...
-
Refer to the information provided in Figure 8.8 bele to answer the questis that MC Coper 12 ATC P-MR 200 700 1000 1400 Bushels of soybeans 283 Figure 8.8 26) Refer to Figure 8.8. This farmer's...
Study smarter with the SolutionInn App