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Coach Sloane just received a new contract for $2M per year for 8 years which was announced as a $16M contract. Assuming an 7%
Coach Sloane just received a new contract for $2M per year for 8 years which was announced as a $16M contract. Assuming an 7% discount rate, what is the true present value of that contract assuming all annual payments are received on the first day of the contract year, i.e., he gets $2M now, and 7 more annual payments?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
