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An NFL football player has just signed a three-year contract in which he gets paid $15 million today (as a signing bonus) then receives $8
An NFL football player has just signed a three-year contract in which he gets paid \$15 million today (as a signing bonus) then receives $8 million, $10 million, and $12 million in 1 year, 2 years, and 3 years from now, respectively. What is the present value of this player's new contract, including the signing bonus, if the relevant annual interest rate is 7% ? Answers are rounded to dollar values. A. $26,006,597 B. $35,234,845 C. $41,006,597 (D.) $43,877,059 E. $50,234,845
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