Question: 17) The Toronto Maple Leaf's fired their head coach two years into a five-year contract. The contract guaranteed him a $20,000/week payment as his salary.

17) The Toronto Maple Leaf's fired their head coach two years

17) The Toronto Maple Leaf's fired their head coach two years into a five-year contract. The contract guaranteed him a \$20,000/week payment as his salary. If the team owners are now required to buy out the remaining term of the contract for its current market value (ie. present value of his contract) at the time of his firing, what will the current settlement amount be worth? Assume that money can earn 3.5% compounded weekly. 17) The Toronto Maple Leaf's fired their head coach two years into a five-year contract. The contract guaranteed him a \$20,000/week payment as his salary. If the team owners are now required to buy out the remaining term of the contract for its current market value (ie. present value of his contract) at the time of his firing, what will the current settlement amount be worth? Assume that money can earn 3.5% compounded weekly

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