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Pip Jordan has received contract offers from three professional aquatic basketball teams. The details are below. Which contract is most valuable? a. Salary of $900,000
Pip Jordan has received contract offers from three professional aquatic basketball teams. The details are below. Which contract is most valuable? a. Salary of $900,000 per year for 9 years, starting next year. b. Salary of $750,000 per year for 9 years, starting next year, plus a $1 million signing bonus, received immediately. c. $600,000 per year for 4 years, starting next year. In years 5-9, the salary increases to $1,500,000 per year. The market interest rate is 6% per year
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