Business, 19.10.2021 02:40 FailingstudentXD

All salaries are to be paid in lump sums. The player has asked you as his agent to renegotiate the terms. He wants a $10.5 million signing bonus payable today and a contract value increase of $2,500,000. He also wants an equal salary paid every three months, with the first paycheck three months from now. If the interest rate is 6 percent compounded daily, what is the amount of his quarterly check? Assume 365 days in a year.

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