You have just signed a 7-year professional football league contract with a beginning salary of $2,000,000 per

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You have just signed a 7-year professional football league contract with a beginning salary of $2,000,000 per year. Management gives you the following options with regard to your salary over the 7 years. 

1. A bonus of $100,000 each year 

2. An annual increase of 4.5% per year beginning after 1 year 

3. An annual increase of $95,000 per year beginning after 1 year 

Which option provides the most money over the 7-year period? Which the least? Which would you choose? Why?

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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