Calculate Present Value Of Contract With Professional Football Team
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Question
David Garrard just signed a contract with the Jacksonville Jaguars professional football team worth $60,000,000.00 over 7 years (Assume equal payments). What is the present value of this contract if the appropriate discount rate is 10%?
A. $81,318,608.57
B. $60,000,000.00
C. $41,729,304.15
D. $51,324,651.18
Summary
The question belongs to Finance and it is about calculation of present value of a contract by a footballer with a professional football team.
Total Word Count 44
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