Question: In 2 0 2 1 , a baseball player signed a contract worth $ 6 5 . 8 million. The contract called for $ 1

In 2021, a baseball player signed a contract worth $65.8 million. The contract called for $10 million immediately and a salary of $4 million in 2027, $10.5 million in 2023, $10 million in 2024,$9.9 million in 2025 and 2026, and $11.5 million in 2027. If the appropriate Interest rate is 10 percent, what kind of deal did the player dig out of the dirt? Assume all payments other than the first $10 million are pald at the end of the contract year.
Note: Do not round intermedlate calculations and enter your answer in dollars, not mililons of dollars, rounded to 2 decimal places, e.g.,1,234,567.89.
In 2 0 2 1 , a baseball player signed a contract

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