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A star football player has been given a contract with the Cleveland Browns. The contract breaks down below. If the Browns can invest at 6.1%,
A star football player has been given a contract with the Cleveland Browns. The contract breaks down below. If the Browns can invest at 6.1%, how much does the organization need to set aside to meet this obligation? (If your answer is $12,560,000 enter your answer as 12.56)
Year | Amount |
1 | $15 mill |
2 | $23mill |
3 | $17mill |
4 | $13 mill |
5 | $22 mill |
6 | $23 mill |
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