Given your worksheet calculations, which of the following statements is accurate? Steven's estimate of value of Saleem's contract accurate on either a nominal or discounted basis? Steven's estimate of the nominal value of Saleem's contract correct. It is appropriate and necessary to discount the endorsement contract using the bank account's effective interest rate because of differences in the timing of the compounding of the bank account and that of the payments on the contract. Steven's estimate of the value of is incorrect on a nominal basis, and the error is $46, 937. Given your worksheet calculations, which of the following statements is accurate? Steven's estimate of value of Saleem's contract accurate on either a nominal or discounted basis? Steven's estimate of the nominal value of Saleem's contract correct. It is appropriate and necessary to discount the endorsement contract using the bank account's effective interest rate because of differences in the timing of the compounding of the bank account and that of the payments on the contract. Steven's estimate of the value of is incorrect on a nominal basis, and the error is $46, 937