An athlete signs a contract that guarantees a $12-million salary 5 yr from now. Assuming that...
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An athlete signs a contract that guarantees a $12-million salary 5 yr from now. Assuming that money can be invested at 6.1% with interest compounded continuously, what is the present value of that year's salary? An athlete signs a contract that guarantees a $12-million salary 5 yr from now. Assuming that money can be invested at 6.1% with interest compounded continuously, what is the present value of that year's salary?
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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