What is the pv of the receiver contract

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A famous quarterback just signed a $12.8 million dollar contract providing $3.2 million dollars a year for four years. A less famous receiver signed a $11.8 million 4-year contract providing $3 million now and $2.4 million a year for 4 years.

Question A. The interest rate is 8%.

What is the PV of the quarterback's contract?

Question B. What is the PV of the receiver's contract?

Reference no: EM132480689

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