Question: need help solving QUESTION 8 The Kansas City Chiefs need a backup for Patrick Mahomes. The Chiefs are offering a guaranteed $20.6 million contract that
need help solving
QUESTION 8 The Kansas City Chiefs need a backup for Patrick Mahomes. The Chiefs are offering a guaranteed $20.6 million contract that will be paid over the next 4 years. If you work in the finance area for the Kansas City Chiefs and determined you could get a 7.25% return on investments, how much would the Kansas City Chiefs need to set aside at the beginning of the contract to cover the $20.6M guaranteed contract? O A.$ 17,346,137 O B.$ 17,865,248 C.$ 15,569,620 D,$ 18,603,732
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