Baker Mayfield signed a three-year $25 million contract. The details provide for an immediate cash bonus of $2 million. Baker is to receive $5 million in salary at the end of the first year, $8 million at the end of the second, and $10 million at the end of the third year. Assuming a 15 percent discount rate, calculate the present value of his contract. 25 million 21.22 milion 18.97 million 16.44 milion 2 million You plan to make a series of deposits in an individual retirement account. You will deposit $1000 today, $2000 in two years, and $2000 in five years. If you withdraw $1500 in three years, assuming no withdrawal penalties, how much will you have in your account after eight years if the interest rate is 7 percent? $2,948.40 $3,500.00 $4,734.49 $5,065.91 $7,169.73 You recently graduated from Miami University and are looking to purchase a new vehicle. The car costs $21,000. The bank quotes you an interest rate of 15 percent APR for a 72 -month Ioan with a 10 percent down payment. What will your monthly payment be? $2.835.12 $399.64 $3.150.13 $444.05 $375.27