AND contract B.

A creative general manager has offered two different contracts to a vain quarterback. The contracts are shown below: CONTACT A CONTRACT B YEAR SALARY YEAR SALARY O $501,100.00 $304,650.00 $501,100.00 $304,650.00 2 $501,100.00 $800,950.00 $501,100.00 $800,950.00 $501,100.00 $800,950.00 The newspapers report the total dollars of the contract, so contract A will pay a total of $2,505,500.00, while contract B will pay $3,012,150.00. The player will select contract B as it has more publicity. The team can earn 7.00% on their investments, so let's determine the value of each contract. What is the present value of contract A