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Talent signs a four-year endorsement deal with a prominent sponsor. Under this deal, the Talent will receive $5,000 each year for the first two years
Talent signs a four-year endorsement deal with a prominent sponsor. Under this deal, the Talent will receive $5,000 each year for the first two years and $7,000 each year for the final two years. What is the present value of the total deal if the payments are discounted 6%
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