Question
A famous quarterback just signed a $9.6 million contract providing $3.2 million a year for 4 years. A less famous receiver signed a $8.6 million
A famous quarterback just signed a $9.6 million contract providing $3.2 million a year for 4 years. A less famous receiver signed a $8.6 million 4-year contract providing $3 million now and $2.5 million a year for 4 years. The interest rate is 9%.
PV of reciver:
PV of quaterback:
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
