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1 point Today a running back signed a 5 year contract. The contract called for $8.5 million immediately and a salary of $3.5 million in
1 point Today a running back signed a 5 year contract. The contract called for $8.5 million immediately and a salary of $3.5 million in 1 year, $9.5 million in 2 yetars, 510 million in 3 years. $9.4 million in 4 years and, and 510.5 million in 5 years. If the appropriate interest rate is 5.7, what is the worth of this deal to the player? Assume all payments other than the first $8.5 million are paid at the tind of the year, Put answer in milion 5. E.g. $27.6 million as 27.6. 338.85 $44.27 $38,52 \$44.12 544.42
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