What is the value of his contract today

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Reference no: EM131357784

1. Lionel Messi has signed a football contract that pays him $7.5 in the first year and which grows at 1% each year for the next 10 years. He also has a signing bonus of $25, and a Balloon Payment of $15. What is the value of his contract today?

2. You buy a house for $500,000. It is a 30 Year mortgage where the interest payments are made quarterly. If the annual interest rate is 8% find the total principal repaid in year 22?

Reference no: EM131357784

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