The 49ers are going to sign Aaron Rodgers to a lifetime services contract. He gets $5...
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The 49ers are going to sign Aaron Rodgers to a lifetime services contract. He gets $5 million one year from today. Then, he gets $10 million payments starting at the end of year 3 for a total of 5 payments. At the end of 10 years, he gets an additional $18.7162 million payment. Assume a discount rate of 7% and annual compounding. What is the PV of his contract? use the $ symbol and round to the nearest million....should be a round number between $34 and $765. The 49ers are going to sign Aaron Rodgers to a lifetime services contract. He gets $5 million one year from today. Then, he gets $10 million payments starting at the end of year 3 for a total of 5 payments. At the end of 10 years, he gets an additional $18.7162 million payment. Assume a discount rate of 7% and annual compounding. What is the PV of his contract? use the $ symbol and round to the nearest million....should be a round number between $34 and $765.
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Step 11 The present value of Aaron Rodgers contract can be calculated as follows PV ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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