Question: In 2021, a baseball player signed a contract worth $67.5 million. The contract called for $105 miltion immediately and a salary of $4.1 milion in

In 2021, a baseball player signed a contract worth $67.5 million. The contract called for $105 miltion immediately and a salary of $4.1 milion in 2022,5107 milion in 2023,5105 million in 2024 . $10 mition in 2025 and 2026 and 5117 million in 2027 . If the appropriate interest rate is 11 percent, what kind of deal did the player dig out of the dirt? Assume all payments other than the first $10.5 milion are pard at the end of the contract year. Note: Do not round intermediote calculations and enter your answer in dollors, not mililons of dotlers, rounded to 2 decimal places, e.g. 1,234,567.89

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