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A first-round-draft choice quarterback for the Jacksonville Jaguars has been signed to a three-year, $10 million contract. The details provide for an immediate cash bonus
A first-round-draft choice quarterback for the Jacksonville Jaguars has been signed to a three-year, $10 million contract. The details provide for an immediate cash bonus of $3 million. The player is to receive $3 million in salary at the end of the first year, $2 million the next, and $2 million at the end of the last year. Assuming a 10 percent discount rate, How much is this package worth? (Format: X,XXX,XXX.XX)
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