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July 1 is Bobby Bonilla Day! The owner of the NY Mets tweeted that this day is his favorite day of the year. Why? In
July 1 is Bobby Bonilla Day! The owner of the NY Mets tweeted that this day is his favorite day of the year. Why? In 2000, retiring Mets player Bobby Bonilla was owed $5.9 million on his contract to play for the NY Mets baseball team. Rather than a one-time buyout, however, he and the Mets agreed that Bobby would be paid zero dollars until July 1, 2011. On that day, and on each July 1 thereafter until and including 2035 , Bobby would be paid $1,193,248. Calculate the $0 values from 2012 to 2020 in spreadsheet and show the excel formula. Bobby Bonilla Day Time Value of Money Beg Balance Interest Expense Principal End Balance July 1 is Bobby Bonilla Day! The owner of the NY Mets tweeted that this day is his favorite day of the year. Why? In 2000, retiring Mets player Bobby Bonilla was owed $5.9 million on his contract to play for the NY Mets baseball team. Rather than a one-time buyout, however, he and the Mets agreed that Bobby would be paid zero dollars until July 1, 2011. On that day, and on each July 1 thereafter until and including 2035 , Bobby would be paid $1,193,248. Calculate the $0 values from 2012 to 2020 in spreadsheet and show the excel formula. Bobby Bonilla Day Time Value of Money Beg Balance Interest Expense Principal End Balance
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