Question: A baseball player is offered a contract that will pay $1,683,653 per year for 2 years, followed by $2,176,796 per year for 5 years, followed

A baseball player is offered a contract that will pay $1,683,653 per year for 2 years, followed by $2,176,796 per year for 5 years, followed by $2,609,549 per year for 8 years. All contract payments are paid at the end of the year. If the player's required rate of return is 2.6%, how much is this contract worth? State your answer to the nearest whole dollar.

Please use excel to show work since I have to learn how to do this in excel.

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