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In 2 0 2 1 , a basketball player signed a contract reported to be worth $ 5 7 . 9 million. The contract was

In 2021, a basketball player signed a contract reported to be worth $57.9 million. The contract was to be paid as $7.7 million in 2021, $9.3 million in 2022, $10.1 million in 2023, $10.2 million in 2024, $10.2 million in 2025, and $10.4 million in 2026. If the appropriate interest rate is 9 percent, what kind of deal did the player dunk? Assume all payments are paid at the end of the year.
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g.,1,234,567.89.

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