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20. In 2018, the NBA superstar James Harden signed a new contract with Houston Rockets. The contract has a total value of $108 92 million.
20. In 2018, the NBA superstar James Harden signed a new contract with Houston Rockets. The contract has a "total value" of $108 92 million. According to the contract, Harden will receive $30.17 million in 2018 (1-o. $38.15 million in 20190-1), and S40 60 million in 2020 (-2). Assume that the interest rate is 8% pa, the present value of James Harden's new contract at year 2018 (t-O) is S a. 100.10 million b. 100.30 million c. 100.50 million d. 100.70 million e. 101.10 million
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