Question
A famous quarterback just signed a $14 million contract providing $2.8 million a year for 5 years. A less famous receiver signed a $13.0 million
A famous quarterback just signed a $14 million contract providing $2.8 million a year for 5 years. A less famous receiver signed a $13.0 million 5-year contract providing $4 million now and $1.8 million a year for 5 years. The interest rate is 10%.
What is the PV of the quarterback's contract?
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The Consolations Of Economics How We Will All Benefit From The New World Order
Authors: Gerard Lyons
1st Edition
0571307795, 9780571307791
