Check my Problem 5-20 Annuities (LO3) A famous quarterback just get a new compensation contract, which provides $3.2 million a year for 4 years. A less famous receiver signed a new compensation contract, which provides $3 million now and $2.5 million a year for 4 years. The interest rate is 9%. a. What is the PV of the quarterback's contract? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value million b. What is the PV of the receiver's contract? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) million Present value ences c. Who is better paid? Quarterback Receiver 5 of 10 Next>