A first - round - draft choice quarterback has been signed to a three - year, $
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Question:
A firstrounddraft choice quarterback has been signed to a threeyear, $ million contract. The details provide for an immediate cash bonus of $ million. The player is to receive $ million in salary at the end of the first year, $ million the next, and $ million at the end of the last year. Assuming a percent discount rate, is this package worth $ million? How much is it worth? See Problem
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