Question: In 2015, a running back signed a contract worth $65.7 million. The contract called for $11 million immediately and a salary of $3.7 million in

In 2015, a running back signed a contract worth $65.7 million.

In 2015, a running back signed a contract worth $65.7 million. The contract called for $11 million immediately and a salary of $3.7 million in 2015, $9.9 million in 2016, $11 million in 2017, $9.6 million in 2018 and 2019, and $10.9 million in 2020 If the appropriate interest rate is 7 percent, what kind of deal did the running back scamper off with? Assume all payments other than the first $11 million are paid at the end of the contract year. (Enter your answer in dollars, not millions of dollars, eg. 1 234,567. Do not round intermediate calculations and round your an werto 2 deci ipla es e 21 , Present value

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