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Football player Walter Johnson signs a contract calling for payments of $250,000 per year, to begin 10 years from now. To findthe present value of
Football player Walter Johnson signs a contract calling for payments of $250,000 per year, to begin 10 years from now. To findthe present value of this contract, which table or tables should you use?
a. The future value of $1
b. The future value of an annuity of $1 and the future value of $1
c. The present value of an annuity of $1 and the present value of $1
d. None of the above
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