You have just signed a 7-year professional football league contract with a beginning salary of $2,000,000 per

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You have just signed a 7-year professional football league contract with a beginning salary of $2,000,000 per year. Management gives you the following options with regard to your salary over the 7 years.

1. A bonus of $100,000 each year

2. An annual increase of 4.5% per year beginning after 1 year

3. An annual increase of $95,000 per year beginning after 1 year

Which option provides the most money over the 7-year period? Which the least? Which would you choose? Why?

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Question Posted: Apr 06, 2019 05:53 AM

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You have just signed a 7-year professional football league contract with a beginning salary of $2,000,000 per

Question:

Step by Step Answer:

Option 1 Total Salary 200000071000007 14700000 Option 2 Geometric serie...View the full answer

Precalculus

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