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What is the contract worth today

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Reference no: EM132920080

Problem 1: There are rumors Ash Barty has just signed a $2.2 million contract. The contract calls for a payment of $0.6 million today, $0.8 million one year from today and $0.8 million two years from today. What is this contract worth today if Ash can earn 7.2% on her hard-earned money?

A. $2 038 616.67

B. $2 042 414.79

C. $2 108 001.3

D. $2 124 339.07

Reference no: EM132920080

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