Mathematics, 18.06.2020 02:57 ashquinn
An NBA center recently signed a seven-year contract for $121 million. What is the present value of this contract, given a 9% interest rate? In other words, how much must the ball club invest when the contract is signed, so that it can make seven equal payments of $17285714.29, the first one due immediately?
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An NBA center recently signed a seven-year contract for $121 million. What is the present value of t...
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