Back in 2000, the New York Mets owed former baseball player Bobby Bonilla ~6 million dollars. Bobby and the Mets made a deal: the Mets would not pay anything to Bobby until 2010. Then, starting in 2011 and going until 2035, they would send him a check of ~1.2 million every July 1st. As we saw in Discussion Board 3, an economist ran the numbers and found that, with an annual rate of 8% per year, the ~6 million the Mets owed Bobby in 2000 are equivalent to the ~30 million dollars they will end up paying when the last check goes to Bobby in July 1st, 2035. Question Write the formula for the Present Value of this deal for both the Mets and Bobby. Use ! to denote the annual rate used by the Mets to discount the future, and " to denote the rate used by Bobby.