# Christiano Ronaldo just completed a move to the Saudi soccer club Al Nassr for a reported $80,000,000 per year deal

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## Question:

Christiano Ronaldo just completed a move to the Saudi soccer club Al Nassr for a reported $80,000,000 per year deal with duration two years. Saudi National Bank, where Cristiano receives his annual paychecks at the end of each year, offers interest rates of 9% for every maturity.

1. Estimate the present value of Cristiano’s contract (assume annual compounding).

2. If Cristiano saves all the money from his contract, estimate the future value of his savings account at the end of the contract (assume annual compounding).

**Related Book For**

## Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

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**Question Details**

Chapter #

**12**- Auditing the Purchasing and Payroll ProcessesSection: Decision Cases

Problem: 1