Question: Suppose Caitlin Clark has just signed a 1 5 - year endorsement agreement with Nike. The terms of the agreement are that she will be

Suppose Caitlin Clark has just signed a 15-year endorsement agreement with Nike. The terms of the agreement are that she will be paid a lump sum of $80,000 at the end of each year for 10 years followed by a loyalty bonus of $200,000 in 12 years and $400,000 in 15 years. Determine the value of this deal in current dollars.

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