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What is the pv of the quarterback contract

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Reference no: EM133015556

Question - A famous quarterback just signed a $12.5 million contract providing $2.5 million a year for 5 years. A less famous receiver signed a $11.5 million 5-year contract providing $4 million now and $1.5 million a year for 5 years. The interest rate is 10%.

a. What is the PV of the quarterback's contract?

b. What is the PV of the receiver's contract?

Reference no: EM133015556

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