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An athlete signs a contract that guarantees a $11-million salary 5 yr from now. Assuming that money can be invested at 6.9% with interest
An athlete signs a contract that guarantees a $11-million salary 5 yr from now. Assuming that money can be invested at 6.9% with interest compounded continuously, what is the present value of that year's salary? (Round to the nearest dollar as needed. Do not include the $ symbol in your answer.)
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Advanced Engineering Mathematics
Authors: Michael Greenberg
2nd Edition
133214311, 978-0133214314
