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How much will this nest egg be worth at retirement

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Reference no: EM132950371

Problem - After being drafted in the first round of the NFL draft, a star defensive end invests his signing bonus of $9,465,500.00 in a mutual fund. The fund pays on average 8.00% APR. The player will not touch this money until he retires from the league in 10.00 years. How much will this "nest egg" be worth at retirement?

Reference no: EM132950371

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