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After being drafted in the first round of the MLB draft, a star pitcher invests his signing bonus of $4,386,000.00 in a mutual fund. The
After being drafted in the first round of the MLB draft, a star pitcher invests his signing bonus of $4,386,000.00 in a mutual fund. The fund pays on average 4.00% APR. The player will not touch this money until he retires from the league in 20.00 years. How much will this nest egg be worth at retirement?
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
