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The Chiefs are going to sign Travis Kelce to a lifetime services contract. He gets $9 million one year from today. Then, he gets $14
The Chiefs are going to sign Travis Kelce to a lifetime services contract. He gets $9 million one year from today. Then, he gets $14 million payments starting at the end of year 3 for a total of 7 payments. At the end of 10 years, he gets an additional $29.4434 million payment. Assume a discount rate of 9% 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 $34 and $765 .
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