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he Chiefs are going to sign Travis Kelce to a lifetime services contract. He gets $ 1 2 million one year from today. Then, he

he Chiefs are going to sign Travis Kelce to a lifetime services contract. He gets $12 million one year from today. Then, he gets $16 million payments starting at the end of year 3 for a total of 7 payments. At the end of 10 years, he gets an additional $50.218 million payment. Assume a discount rate of 9% and annual compounding. What is the PV of his contract? Use the $ symbol and round to the nearest million....should be a round number between $34 and $765. $60 would be the form of a correct answer.

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