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Alex Jackson has just signed a $6 million contract. The contract calls for a payment of $1.2 million today, $1.5 million one year from now,
Alex Jackson has just signed a $6 million contract. The contract calls for a payment of $1.2 million today, $1.5 million one year from now, $1.5 million two years from now, and $1.8 million three years from today. What is this contract really worth if Ramon can earn 10.5 percent on his money?
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