A professional sports contract offers $400 000 per year paid at the end of each of six

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A professional sports contract offers $400 000 per year paid at the end of each of six years or $100 000 paid now, $200 000 paid at the end of each of the second and third years, and $800 000 paid at the end of each of the last three years. If money is worth 7.3%, which offer is preferable?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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