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A professional athlete has been offered a 5 year contract that will pay $ million in the first year, $2 million in the second year,
A professional athlete has been offered a 5 year contract that will pay $ million in the first year, $2 million in the second year, and $5 million for each of the next three years. These payments are made at the end of the year. If the athlete's discount rate is 8%, what is the present value of the contract
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