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Clair is a soccer player that just signed a 3-year contract with a new team. The contract will pay her as follows: $54,000 today $63,000
Clair is a soccer player that just signed a 3-year contract with a new team. The contract will pay her as follows:
$54,000 today $63,000 at the end of year 1 $78,000 at the end of year 2 $88,000 at the end of year 3
If the discount rate is 5.7%, what is the value of her contract today?
Answer Format: Positive number rounded to 2 decimal places. (An answer of $100.125 would be entered as 100.13)
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