Complete the Evaluation Worksheet and corresponding questions at the bottom. Please fill in the boxes.

being revised to reflect his new status. The email describes the general terms and conditions of Colin's revised contract,

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From: Steven Sign'em$-$Now

To: Colin Closer

Subject: New Te

Colin,

Congratulations! You've been called up to the Springfield Dusties. Below are the offered terms and

conditions of your new contract. After you review them and think about the offer, call me and we'll

iscuss your options. Congrats again

Salary and Incentives:

Colin Closer hereafter referred to as the "Player," is offered a four$-$year contract with an annual

salary of $$414,000$ per year, to be paid at the end of each month in the contract term.

Under the league's collective bargaining agreement, the Player will receive a $4\%$ cost$-$of$-$living

adjustment $($COLA$)$ to his annual salary at the beginning of every other year. This means that

the Player's annual salary will increase at the beginning of year $2$ and year $4,$ as applicable.

In addition, the Player will receive a one$-$time $$15,000$ time$-$in$-$league bonus after six months

of participation with an MLB team. This bonus will be paid immediately on completion of the

six$-$month period

The Player is offered a performance$-$based bonus, as well as a milestone bonus. Both ar

intended to encourage outstanding performance.

The Player is offered the following award$-$based performance incentive: a $15\%$ bonus if he is

designated as the Most Valuable Player $($MVP$)$ in the league. The Player is also offered the

following milestone bonus: a $$125,000$ bonus if he tes

strikeout record $(383$ strikeouts$)$

The Player is eligible for each potential bonus each year that the contract is in effect and, if

expressed as a percentage, will be based on the value of the Player's base annual salary for

the corresponding year. If earned, the performance and milestone bonuses will be distribute

in a single payment at the beginning of the next contract year. Although this proposal

describes only one milestone, the actual contract contains several progressive milestones.

Exceeding one milestone creates the opportunity to exceed another

In addition to the proposal offered by the Dusties, l've also been able to secure the following

endorsement opportunity:

A local car dealer has offered you a contract that will pay $$2,750$ per month for two years. This

the contract with the Dusties and will take effect

the dealer's promotional events, such as signing autographs and allowing photographs at

requested.

I've also attached a worksheet that you can use to analyze the deal. I$\text{'}$m in negotiations for the rest

of the day, so let's discuss your thoughts on the contract proposal tomorrow. l$\text{'}$m proud of you

he'll do with his newfound wealth, you and Colin have agreed that any funds received could be invested to earn $5\mathrm{.}50\%,$ compounded monthly.

Complete the Evaluation Worksheet and corresponding questions at the bottom. Please fill in the boxes.