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n 2018, a running back signed a contract worth $60.5 million. The contract called for $10.5 million
immediately and a salary of $3.1 million in 2018, $8.7 million in 2019, $10.5 million in 2020, $9
million in 2021 and 2022, and $9.7 million in 2023. If the appropriate interest rate is 12 percent,
what kind of deal did the running back scamper off with? Assume all payments other than the first
$10.5 million are paid at the end

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n 2018 a running back signed a contract worth 605 million.pdf

  • 1. n 2018, a running back signed a contract worth $60.5 million. The contract called for $10.5 million immediately and a salary of $3.1 million in 2018, $8.7 million in 2019, $10.5 million in 2020, $9 million in 2021 and 2022, and $9.7 million in 2023. If the appropriate interest rate is 12 percent, what kind of deal did the running back scamper off with? Assume all payments other than the first $10.5 million are paid at the end