A famous quarterback just signed a $15 million contract providing $3 million a year for five years.
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A famous quarterback just signed a $15 million contract providing $3 million a year for five years. A less famous receiver signed a $14 million five-year contract providing $4 million now and $2 million a year for five years. Who is better paid? The interest rate is 10 percent.
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PV QB 3 million Annuity Factor 10 t 5 PV QB 3 million 3791 11373 millio...View the full answer
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Related Book For 
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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