Question: In 2 0 2 1 , a baseball player signed a contract worth $ 6 7 . 4 million. The contract called for $ 1
In a baseball player signed a contract worth $ million. The contract called for $ million immediately and a salary of $ million in $ million in $ million in $ million in and and $ million in If the appropriate interest rate is percent, what kind of deal did the player dig out of the dirt? Assume all payments other than the first $ million are paid at the end of the contract year.
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to decimal places, eg
Present value
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