Question
Recently, the Islanders signed Rick DiPietro to a 15 year contract. The contract is for equal payments of $4.5 million each year for the next
Recently, the Islanders signed Rick DiPietro to a 15 year contract. The contract is for equal payments of $4.5 million each year for the next 15 years. If you assume a 10 percent discount rate, what is the true value (i.e. PV) of this contract, and he future value of this contract?
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
