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A star baseball player signs a contract that would pay a total of $16 million. The player receives $4 million upon signing, and $3 million

A star baseball player signs a contract that would pay a total of $16 million. The player receives $4 million upon signing, and $3 million every year for the next four years. (In other words, the player will receive $4 million today, $3 million in year from today, etc. ) At an interest rate of 8 percent, the sum of the present value of the contract is $ my answer should be a whole number

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