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An athlete signs a contract that guarantees a $8-million salary 7 yr from now. Assuming that money can be invested at 6.7% with interest compounded

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An athlete signs a contract that guarantees a $8-million salary 7 yr from now. Assuming that money can be invested at 6.7% 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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