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Harry Hurler has been playing baseball since he was five years old and has always dreamed of playing in the big leagues. Last season, he
Harry Hurler has been playing baseball since he was five years old and has always dreamed of playing in the big leagues. Last season, he was a starting pitcher for a double-A (AA)-level baseball team, the Yakima Hops; last year, he was the first runner-up for the Minor League Player of the Year award. Using his 93 mph fastball, an impeccable curve ball and slider, and a reliable changeup pitch, he achieved a 15-2 win-loss record, an earned run average (ERA) of 2.76, and 123 strikeouts in 99.1 innings pitched. He is also your best friend. Two weeks ago, on his three-year anniversary with the team, Harry received the following email from his agent, Noah Never-Enough, indicating that he is being called up to the Wichita Wizards, the Hops's corresponding Major League Baseball (MLB) team. Moreover, Harry's contract is being revised to reflect his new status. The email describes the general terms and conditions of Harry's revised contract. From Noah Never-Enough Harry Hurler New Team, New Contract Proposal To: Subject: Harry, Congratulations! You've been called up to the Wichita Wizards. Below are the offered terms and conditions of your new contract. After you review them and think about the offer, call me and we'l discuss your options. Congrats againt Salary and Incentives: Harry Hurler, hereafter referred to as the "Player," is offered a four year contract with an annual salary of $564,000 per year,to Harry is so excited! According to Noah, the contract is worth $3,234,400-assuming receipt of all possible bonuses. After rereading the email twice and calling his family, Harry called you to review the terms of the contract and verify Noah's calculations. After an extended conversation about what he'll do with his newfound wealth, you and Harry have agreed that any funds received could be invested to earn 6.5000%, compounded monthly
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