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In 2013, the NY Yankees signed outfielder Jacoby Ellsbury for a 7 year contract worth a total value of $153 million dollars. If he receives
In 2013, the NY Yankees signed outfielder Jacoby Ellsbury for a 7 year contract worth a total value of $153 million dollars. If he receives 7 equal end-of-year payments, what is the present value of the contract if the discount rate is 6%?
A. $ 183,468,857.14
B. $ 122,006,571.43
C. $ 32,873,142.86
D. $ 32,867,884.00
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