A famous quarterback just signed a $13.6 million contract providing $3.4 million a year for 4 years.

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A famous quarterback just signed a $13.6 million contract providing $3.4 million a year for 4 years. A less famous receiver signed a $8.2 million 4-year contract providing $3 million now and $2.9 million a year for 4 years.The interest rate is 8%.

a. What is the PV of the quarterback's contract?(Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

Posted Date: May 19, 2024 09:08 PM

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A famous quarterback just signed a $13.6 million contract providing $3.4 million a year for 4 years.

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