What is the present value of contract

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Alexis Tyler is a star player for the Salt Lake City Lake Monsters and is ranked among the best player in the league. Alexis is wrapping up the "contract year" - the final playing season before a player becomes a free agent. The player has expressed an interest to remain with the Lake Monsters. The team has prepared a contract that would work with their strategic plans and other salary commitments. The offer is for the years of playing with the team. It doesn't include a signing bonus. It offers an annual saiary of $3.9 for each of the lime years. The contract also includes deferred compensation of $5 annually, for 5 years. starting in year it}.

What is the present value of the contract offer assuming an interest rate of 5%

Reference no: EM133373455

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