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The Chiefs are going to sign Travis Kelce to a lifetime services contract. He gets $ 1 2 million one year from today. Then, he
The Chiefs are going to sign Travis Kelce to a lifetime services contract. He gets $ million one year from today. Then, he gets $ million payments starting at the end of year for a total of payments. At the end of years, he gets an additional $ million payment. Assume a discount rate of and annual compounding. What is the PV of his contract? Use the $ symbol and round to the nearest million....should be a round number between $ and $ $ would be the form of a correct answer.
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