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Q3 A. (20 Marks) Present Values. A famous quarterback just signed a $15 million contract providing $3 million a year for 5 years. A less

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Q3 A. (20 Marks) Present Values. A famous quarterback just signed a $15 million contract providing $3 million a year for 5 years. A less famous receiver signed a $14 million 5-year contract providing $4 million now and $2 million a year for 5 years. Who is better paid? The interest rate is 12 percent

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