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An All - Pro defensive lineman is in contract negotiations. The team has offered the following salary structure: TIME SALARY 0 $ 7 , 0
An AllPro defensive lineman is in contract negotiations. The team has
offered the following salary structure:
TIME SALARY
$
All salaries are to be paid in a lump sum. The player has asked you as his agent to renegotiate
the terms. He wants a signing bonus of $ million payable today and a contract value increase of
$ million. He also wants an equal salary paid every three months, with the first paycheck three
months from now. If the interest rate is an APR of percent compounded daily, what is the amount of
his quarterly check? Assume days in a year.
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