Question: Save & Ext Submit 0.00 points in 2015, a running back wigned a contract worth $72.6 million. The contract called for $12 million immediately and
Save & Ext Submit 0.00 points in 2015, a running back wigned a contract worth $72.6 million. The contract called for $12 million immediately and a salary of $4.4 million in 2015, $11.3 million in 2016, 512 milion in 2017, 510.3 million in 2018 and 2019, and $12.3 million in 2020. If the appropriate Interest rate is 10 percent, what kind of deal did the running back scamper off with? Assume all payments other than the frst $12 milion are paid at the end of the contract year (Enter your answer in dollars, not millions of dollars, ... 1,234,567. Do not round Intermediate calculations and round your answer to 2 decimal places, G. 32.16) Present value eBook & Resources Worksheet Leaming Objective: 00-01 Determine the future and present of investments with multiple c ows Difficulty: 2 intermediate Section 5.2 Vilung Level Cash Flow Annutes and perpetuitos Check my wors MacBook Air
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