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Your favorite football player just signed a 5-year, $50 million dollar contract.Specifically, he will be paid: 5 million today (signing bonus) 5 million in a
Your favorite football player just signed a 5-year, $50 million dollar contract.Specifically, he will be paid:
5 million today (signing bonus)
5 million in a year
5 million in 2 years
5 million in 3 years
10 million in 4 years
20 million in 5 years
How much is this contract worth in today's dollars if the annualris 3%?
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