Calculate the value of this contract in today dollars

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Reference no: EM131562153

Babe Ruth Jr. has agreed to play for the Cleveland Indians for $3 million per year for the next 10 years. What table would you use to calculate the value of this contract in today's dollars?

A. Present value of an annuity

B. Present value of a single amount

C. Future value of an annuity

D. Future value of a dollar

Reference no: EM131562153

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