Question: any help is appreciated! will thumbs up! 3. value: 1.25 points Annuity Famous Quarterback A famous quarterback just signed a $13.98 million contract providing $2.330

any help is appreciated! will thumbs up! 3. value: 1.25 points

any help is appreciated! will thumbs up!

3. value: 1.25 points Annuity Famous Quarterback A famous quarterback just signed a $13.98 million contract providing $2.330 million a year for 6 years. A less famous receiver signed a $12.291 million 6-year contract providing $6.00 million now and $1.048 million a year for 6 years. The interest rate is 10.50%. a. Calculate the PV of the quarterback. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value million b. Calculate the PV of the receiver. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value million c. Who is better paid? receiver quarterback

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