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16. An athlete signs a contract that guarantees a $11-million salary ? yr from now. Assuming that money can be invested at 6 4% with

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16.

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An athlete signs a contract that guarantees a $11-million salary ? yr from now. Assuming that money can be invested at 6 4% with interest compounded continuously, what is the present value of that year's salary? $ (Round to the nearest dollar as needed. Do not include the $ symbol in your answer )

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