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Help A famous quarterback just signed a $36MM contract providing $6MM per year for 6 years. A less famous receiver signed a $33MM,6-year contract providing
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A famous quarterback just signed a $36MM contract providing $6MM per year for 6 years. A less famous receiver signed a $33MM,6-year contract providing $21.0MM now and $2,000,000 a year for 6 years. If interest rates are 6%, who is better paid on a PV basis and by how much? Show your work to get partial credit...your answer must show by how much the better paid player is getting Step by Step Solution
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