3. Austin Riley of the Atlanta Braves signs a five-year endorsement deal with a Body Armor sports drink. Under this deal, Riley will receive $50,000 each year for the first three years, and $75,000 each year for the final two years. What is the present value of the total deal if the payments are discounted at 6% ? 4. What is the present value of $22,000, invested at 8% interest, compounded yearly for 10 years