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A famous quarterback just signed a $10.5 million contract providing $2.1 million a year for 5 years. The interest rate is 10%. What is the
A famous quarterback just signed a $10.5 million contract providing $2.1 million a year for 5 years. The interest rate is 10%. What is the PV of the quarterback's contract? What is the PV of the quarterback's contract? Is this a good deal for the quarterback? Seleccione una: O a. $7.96 million; it is an excellent deal b. $7.96 million; it is not a good deal c. $12.82 million; it is a good deal d. $12.82 million; it is not a good deal Old Time Savings Bank pays 5% interest on its savings accounts. If you deposit $2,900 in the bank and leave it there. How much will you earn at the end of the tenth year? Seleccione una: a. $1,780.35 b. $3,045.00 c. $4,723.80 d. $4,670.47
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