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A Major League Baseball team signs a free agent player to a new contract, which includes a $2 million signing bonus. If the player puts
A Major League Baseball team signs a free agent player to a new contract, which includes a $2 million signing bonus. If the player puts the money into an account earning 9%, compounded quarterly, how much will be in the account at the end of 5 years when his contract expires? Show work in excel
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