9. A business has been offered two different seven-year sponsorship deals. The first has an initial fee
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9. A business has been offered two different seven-year sponsorship deals. The first has an initial fee of $90,000 the first year and an escalator of 8% each of the following six years. The second has an initial fee of $100,000 with a 4% escalator clause. Calculate the amount to be paid each year for both plans and total cost of the sponsorship. From the perspective of the business, which plan is the best? Why?
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Related Book For
Sports Marketing
ISBN: 978-1032112787
3rd Edition
Authors: Michael J Fetchko ,Donald P Roy ,Vassilis Dalakas
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