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Question 1 3 pts The Miami Dolphins are considering paying Jonathan Martin a lump sum of $16,840,823 three years from now as part of a
Question 1 3 pts The Miami Dolphins are considering paying Jonathan Martin a lump sum of $16,840,823 three years from now as part of a settlement. If the relevant discount rate is 8 percent, what is the present value of this liability? Question 2 3 pts Assume the total cost of a college education will be $230,503 when your child enters college in 17 years. You presently have $36,146 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? Enter answer in 3 decimal places (e.g. 0.123)
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