Question: In 2021, a baseball player signed a contract worth $62.3 million. The contract called for $10 million immediately and a salary of $3.5 million in

In 2021, a baseball player signed a contract worth $62.3 million. The contract called for $10 million immediately and a salary of $3.5 million in 2022, $9.5 million in 2023, $10 million in 2024, $9.4 million in 2025 and 2026, and $10.5 million in 2027. If the appropriate interest rate is 8 percent, what kind of deal did the player dig out of the dirt? Assume all payments other than the first $10 million are paid at the end of

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