Shohei Ohtani recently signed a $$700$ million $10-$ year contract with the Los Angeles Dodgers of Major League Baseball.

The terms of the contract are that Shohei will receive $$2$ million a year, for ten years. At the end of the $10$ years, Shohei will receive $$68$ million per year for the following $10$ years.

Assuming an interest rate of $5\%$ and assuming that he is paid at the BEGINNING of each year, what is the present value of Shohei Ohtani$$s contract? You must show all of your work to receive full extra credit.Shohei Ohtani recently signed a $$700$ million $10-$ year contract with the Los Angeles Dodgers of Major League Baseball.

The terms of the contract are that Shohei will receive $$2$ million a year, for ten years. At the end of the $10$ years, Shohei will receive $$68$ million per year for the following $10$ years.

Assuming an interest rate of $5\%$ and assuming that he is paid at the BEGINNING of each year, what is the present value of Shohei Ohtani$$s contract? You must show all of your work to receive full extra credit.