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Mike recently signed a professional basketball contract that will pay him the following amount for the next 5 years: - One year from today: $43,000,000
Mike recently signed a professional basketball contract that will pay him the following amount for the next 5 years: - One year from today: $43,000,000 - Two years from today: $29,000,000 - Three years from today: $30,000,000 - Four years from today: $49,000,000 - Five years from today: $50,000,000 If the current discount rate is 11%. What is the value of Mike's contract
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