Question
An athlete signs a contract that guarantees a $14-million salary 5yr from now. Assuming that money can be invested at 6.5% with interest compounded continuously,
An athlete signs a contract that guarantees a $14-million salary 5yr from now. Assuming that money can be invested at 6.5% with interest compounded continuously, what is the present value of that year's salary?
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
7th Edition
1438010362, 9781438010366
