Question: A local newspaper headline blared, Bo Smith Signed for $ 3 0 Million. A reading of the article revealed that on April 1 , 2
A local newspaper headline blared, Bo Smith Signed for $ Million. A reading of the article revealed that on April Bo Smith, the former recordbreaking running back from Football University, signed a $ million package with the Dallas Rangers. The terms of the contract were $ million immediately, $ million per year for the first five years with the first payment after one year and $ million per year for the next five years with the first payment at year If Bos interest rate is per year, what would his contract be worth at the time he signs it Draw the cash flow. i need the cash flow
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