Question: In 2 0 2 1 , a basketball player signed a contract reported to be worth $ 7 2 . 4 million. The contract was

In 2021, a basketball player signed a contract reported to be worth $72.4 million. The contract was to be paid as $10.2 million in 2021,
$11.3 million in 2022, $12.6 million in 2023, $12.7 million in 2024, $12.7 million in 2025, and $12.9 million in 2026. If the appropriate
interest rate is 7 percent, what kind of deal did the player dunk? Assume all payments are paid at the end of the year.
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal
places, e.g.,1,234,567.89.
 In 2021, a basketball player signed a contract reported to be

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