Make decisions that are best for your company. You use 10% to evaluate things unless told or it makes more sense to use a different value. (Put your answer in this format: if its over $1M: 1,000,001. If its over $100,000 then 100,001. Etc. E.g., if your answer is $2,345,466.43 then you put "2,345,466" - no $ or decimals, e.g., $754,231.12 then you would enter 754,231.)

Question

You receive two competing buy-out offers for one of your artists. Offer 1 from DemHits is $0 this year, $1000 at the end of the second year, $2000 at the end of the third year. . . , all the way to $9000 at the end of the 10th year. AllJamz offers you $3300 a year, every year, for 10 years. You write them back that you want $3797.80 per year and not a penny less. They agree. Evaluated at 9%, how much more $ (integer only) did you get by accepting the AllJamz offer?