What kind of deal did the player dunk

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Question: In 2021, a basketball player signed a contract reported to be worth $75.3 million. The contract was to be paid as $10.7 million in 2021, $117 million in 2022, $131 million in 2023, $13.2 million in 2024, $13.2 million in 2025, and $13.4 million in 2026. If the appropriate interest rate is 8 percent, what kind of deal did the player dunk? Assume all payments are paid at the end of the year. Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars

Reference no: EM133368981

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