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What is the value of the contract

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Reference no: EM132966837

Question - You are the GM for the Belchertown Bowlers, the local minor league bocce team. You recently signed a new player, to whom you agreed to pay the following:

-$490 per year for 5 years, starting at t=1

-$730 per year for 9 years, starting at t=14

Assuming that i=6%, what is the value of the contract in year 0?

Reference no: EM132966837

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