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(1 point) Bubba Jones has an offer to play pro football in the Arena League. Part of his contract calls for him to receive a

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(1 point) Bubba Jones has an offer to play pro football in the Arena League. Part of his contract calls for him to receive a signing bonus, payable as follows: 100,000 dollars immediately, 60000 dollars in two years, and 170000 dollars in 6 years. What is the present value of the signing bonus, assuming 8.4 percent effective interest? Answer = dollars

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