abelit Formula: PV = (1/1) - {1/(1+r'n A famous quarterback just signed a $12.5 million contract providing $2.5 million a year for 5 years. A less famous receve signed to now and $1.5 million a year for 5 years. The interest rate is 12% abelit Formula: PV = (1/1) - {1/(1+r'n A famous quarterback just signed a $12.5 million contract providing $2.5 million a year for 5 years. A less famous receve signed to now and $1.5 million a year for 5 years. The interest rate is 12%