Question: I need help with this big problem please. < Back to Assignment Attempts: 0.3 Keep the Highest. 0.3/3 16. Application of Time Value of Money

< Back to Assignment Attempts: 0.3 Keep the Highest. 0.3/3 16. Applicationof Time Value of Money Skills Flynn Fireballer has been playing baseballsince he was five years old and has always dreamed of playingin the big leagues. Last season, he was a starting pitcher fora double-A (AA)-level baseball team, the Dodge City Cowboys; last year, hewas the first runner-up for the Minor League Player of the Yearaward. using his 99 mph fastball, an impeccable curve ball and slider,

I need help with this big problem please.

and a reliable changeup pitch, he achieved a 18-2 winloss record, aneamed run average (ERA) of 2.23, and 166 strikeouts in 147.2 inningspitched. He is also your best friend. Two weeks ago, on histhree-year anniversary with the team, Flynn received the following email from hisagent, Marty Fineprint, indicating that he is being called up to theBoston Back Bay Boys, the Cowboys's corresponding Major League Baseball (MLB) team.Moreover, Flynn's contract is being revised to reflect his new status. The

< Back to Assignment Attempts: 0.3 Keep the Highest. 0.3/3 16. Application of Time Value of Money Skills Flynn Fireballer has been playing baseball since he was five years old and has always dreamed of playing in the big leagues. Last season, he was a starting pitcher for a double-A (AA)-level baseball team, the Dodge City Cowboys; last year, he was the first runner-up for the Minor League Player of the Year award. using his 99 mph fastball, an impeccable curve ball and slider, and a reliable changeup pitch, he achieved a 18-2 winloss record, an eamed run average (ERA) of 2.23, and 166 strikeouts in 147.2 innings pitched. He is also your best friend. Two weeks ago, on his three-year anniversary with the team, Flynn received the following email from his agent, Marty Fineprint, indicating that he is being called up to the Boston Back Bay Boys, the Cowboys's corresponding Major League Baseball (MLB) team. Moreover, Flynn's contract is being revised to reflect his new status. The email describes the general terms and conditions of Flynn's revised contract. From: Marty Fineprint To: Flynn Fireballer Subject: New Team, New Contract Proposal Flynn, Con ratulations! You've been called u to the Boston Back B . Below are the Flynn is so excited! According to Marty, the contract is worth $3,172,400assuming receipt of all possible bonuses. After rereading the email twice and calling his family, Flynn called you to review the terms of the contract and verify Marty's calculations. After an extended conversation about what he'll do with his newfound wealth, you and Flynn have agreed that any funds received could be invested to earn 6.50%, compounded monthly.

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