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36. Justin Jefferson, a wide receiver for the Minnesota Vikings, is considering signing a new contract offer that would extend his current deal by 5
36. Justin Jefferson, a wide receiver for the Minnesota Vikings, is considering signing a new contract offer that would extend his current deal by 5 years. The deal is for $75 million, which will pay him $10 million at the end of year 1, $12 million at the end of year 2, $15 million at the end of year 3, $18 million at the end of year 4, and $20 million at the end of year 5. Determine the present value of the contract, assuming an interest rate of 6%.
A. $75,000,000
B. $71,124,290
C. $67,037,140
D. $63,844,895
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