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What yearly amount would she consider

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Reference no: EM132921701

Question - An athlete was offered the following contract for the next three years:

Year

1

2

3

Cashflow

$5 million

$7 million

$9 million

The athlete would rather have his salary in equal amounts at the END of each of the three years. If the discount rate for the athlete is 10%, what yearly amount would she consider EQUIVALENT to the offered contract? And why? Please elaborate.

Reference no: EM132921701

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