Question
After being drafted in the first round of the MLB draft, a star pitcher invests his signing bonus of $5,052,000.00 in a mutual fund. The
After being drafted in the first round of the MLB draft, a star pitcher invests his signing bonus of $5,052,000.00 in a mutual fund. The fund pays on average 7.00% 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 Finance For Small Business
Authors: Philip J. Adelman
1st Edition
0138129835, 9780138129835
