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John Smith took a giant leap up the quarterback pay scale striking a five year, $200 million dollar deal. Under the terms of the contract,

John Smith took a giant leap up the quarterback pay scale striking a five year, $200 million dollar deal. Under the terms of the contract, Smith will receive $22 million at the end of each of the next five years plus an additional $90 million lump sum at the end of the fifth year. Assuming an annual interest rate of 5%, what is the actual value of Smiths contract in todays dollars?

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