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In 2023, an NBA superstar signed a new contract. The contract has a total value of $109.32 million. According to the contract, the player will
In 2023, an NBA superstar signed a new contract. The contract has a "total value" of $109.32 million. According to the contract, the player will receive $30.57 million today (t=0); $38.15 million in 2024(t=1); and $40.60 million in 2025(t=2). Assume that the interest rate is 6.1% p.a., the present value of his new contract at year 2023 (t = 0) is $ 1) 104.50 million 2) 103.10 million 3) 102.59 million 4) 101.79 million 5) 99.10 million 
In 2023, an NBA superstar signed a new contract. The contract has a "total value" of $109.32 million. According to the contract, the player will receive $30.57 million today (t=0); $38.15 million in 2024(t=1); and $40.60 million in 2025(t=2). Assume that the interest rate is 6.1% p.a., the present value of his new contract at year 2023 (t=0) is $ 1) 104.50 million 2) 103.10 million 3) 102.59 million 4) 101.79 million 5) 99.10 million
In 2023, an NBA superstar signed a new contract. The contract has a "total value" of $109.32 million. According to the contract, the player will receive $30.57 million today (t=0); $38.15 million in 2024(t=1); and $40.60 million in 2025(t=2). Assume that the interest rate is 6.1% p.a., the present value of his new contract at year 2023 (t = 0) is $ 1) 104.50 million 2) 103.10 million 3) 102.59 million 4) 101.79 million 5) 99.10 million
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