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In 2 0 2 4 , an NBA superstar signed a new contract. The contract has a total value of $ 1 1 2 .

In 2024, an NBA superstar signed a new contract. The contract has a "total value" of $112.45 million. According to the contract, the superstar will receive $34.17 million in )=(0; $35.68 million in ); and $42.60 million in )=(2. Assume that the interest rate is 7.1% p.a., the present value of his new contract in 2024(i.e., at t=0) is $ million.
110.35
99.78
102.62
None of the answers in this list is within $1(million) of the correct answer.
107.35
104.62
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