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A coach signs a contract that pays $2.5 million in salary for five years. How much is the present value of this contract when signed,

A coach signs a contract that pays $2.5 million in salary for five years. How much is the present value of this contract when signed, assuming a discount rate of 7%? a. $10,250,500 b. $10,500,000 c. $11,682,243 d. $12,500,000

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