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
-
An elderly physician has built up his own practice into a quite valuable business. Now that he is thinking of retiring, he wants to take on a partner to learn the business and eventually buy the...
-
Compute trend percentages (Learning Objective 1) Compute trend percentages for Thousand Oaks Realtys net revenue and net income for the following five-year period using 2004 as the base year. Round...
-
The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning...
-
Helllo , Im looking for the answer to this question you ca ACCT - 2 2 6 0 Budgeting - Financial Modeling Assignment For this assignment, You also have the option of doing the assignment in pairs....
-
Carla Vista Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is as follows. Carla Vista Company Adjusted Trial Balance July 31,...
-
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...
-
A bicycle manufacturer currently produces 298,000 units a year and expects output levels to remain steady in the future. It buys chains from an outside supplier at a price of $1.90 a chain. The plant...
-
Steam flows in a long, noninsulated pipe under a constant pressure of 2 bar. At the inlet of the pipe the temperature is 300 C. Due to losses to the surroundings, the temperature at the exit of the...
-
Assume that Panasonic Company has determined its estimated total manufacturing overhead cost for one of its plants to be $204,000, consisting of the following activity cost pools for the current...
-
The second department may be beyond the scope of most classes. Instructors may choose to assign only the requirements related to Department 1. Patterson Laboratories, Inc., produces one of its...
-
The following selected income statement and balance sheet information is available for Floyd Appraisers at the end of the current month: a. Calculate the net income or net loss for the month. b. If...
-
Use the information provided in P3-9A. Required a. Prepare closing entries in general journal form using the Income Summary account. b. After the closing entries are posted, what is the ending...
-
The Home Depot, Inc. reports a book value of approximately \($9\) billion in its February 1, 2015 annual report; however its market capitalization exceeds \($100\) billion (more than 11 times its...
-
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...
-
Answer only when know.. 5 0 6 .
-
Members of the board of directors of security team
-
Standard Costing at Ford Motor Company Ford Motor Company is assessing its labor costs. Values: Item Standard Rate Actual Amount Labor Cost (per hour) $35 $38 Hours Worked 10,000 12,000 Requirements:...
Study smarter with the SolutionInn App