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A star soccer player signs a contract that would pay a total of $ 1 4 million. The player receives $ 2 million upon signing,

A star soccer player signs a contract that would pay a total of $14 million. The player receives $2 million upon signing, and $3 million every year for the next four years.(In other words, the player will receive $2 million today, $3 million in year from today, etc.) At an interest rate of 10percent, the sum of the present value of the contract is $
enter your response here. Your answer should be a whole number.
Part 2
If the contract is spread over more years, the present value of the contract would
decrease
increase
.

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