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A famous quaterback just signed a $ 1 2 . 5 million contract providing $ 2 . 5 million a year for 5 years. A

A famous quaterback just signed a $12.5 million contract providing $2.5 million a year for 5 years. A less famous reciever signed a $11.5 million 5-year contract providing $4 million now and $1.5 million a year for 5 years. The interest rate is 10%. What is the PV of the quarterbacks contract? What is the PV of the recievers Contract?

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