Question
Ezekiel Elliot (a professional football player) recently signed a contract that will pay him the following amount (in millions) Year Payment 2021 18 2022 11
Ezekiel Elliot (a professional football player) recently signed a contract that will pay him the following amount (in millions)
| Year | Payment |
|---|---|
| 2021 | 18 |
| 2022 | 11 |
| 2023 | 13 |
| 2024 | 10 |
| 2025 | 12 |
If the annual interest rate is 5%, what is the present value (in millions) of Elliots contract (consider 2020 as time 0)?
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Cases In Healthcare Finance
Authors: Louis C. Gapenski
3rd Edition
1567932444, 9781567932447
