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Present value. Two rival footbal fans have made the following wager: fone far's college footbal team whis the corfarence tile ourright, the other tan will

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Present value. Two rival footbal fans have made the following wager: fone far's college footbal team whis the corfarence tile ourright, the other tan will donate $1,400 so the winring school Both schools have had relatively unsuccessful tearns, but are improving each season. If the two fans must put up their potential donatien ladar and he discourt rate is 7.5% for the funds, what it the required upfront deposit if we expect a team to win the conference the in 4 years? 10 years? 18 years? What is the required uplront deposit t we expect a tean to win the conference tre in 4 years? (Round ta the nearest cent)

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