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Business, 25.11.2019 21:31 danielle1572

Abasketball player is offered the following contract today, jan. 1, 2012: $2 million immediately, $2.40 million in 2012, $2.90 million in 2013, $3.60 million in 2014, and $3.80 million in 2015. assume all payments other than the first $2 million are paid at the end of the year. if the appropriate discount rate is 10 percent per year, what is the present value of the deal?

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