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Justin Jefferson, a wide receiver for the Minnesota Vikings, is considering signing a new contract offer that would extend his current deal by 5 years.
Justin Jefferson, a wide receiver for the Minnesota Vikings, is considering signing a new contract offer that would extend his current deal by 5 years. The deal is for $75 million, which will pay him $10 million at the end of year 1,$12 million at the end of year 2,$15 million at the end of year 3 , $18 million at the end of year 4 , and $20 million at the end of year 5 . Determine the present value of the contract, assuming an interest rate of 6%. $75,000,000 $71,124.290 $67,037,140 $63,844,895
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