What is this contract value as of today

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Reference no: EM131978988

Malcom Butler will sign a $6 million 3 year contract with Jets. The contract calls for a payment of $3 million in 1st year, $2 million in the 2nd year, and $1 million in the3rd year. All payments are at the end of the years. What is this contract value as of today if he can earn 10% APR on his money (assume annual compounding)?

Reference no: EM131978988

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