An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary...
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An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure: Time 9 1 2 3 Salary $6,300,000 4,900,000 5,400,000 S, 900,000 7,380,000 8,000,000 8,880,000 5 6 15 16 117 18 20 All salaries are to be paid in a lump sum. The player has asked you as his agent to renegotiate the terms. He wants a signing bonus of $9.8 million payable today and a contract value increase of $1,800,000. He also wants an equal salary paid every three months, with the first paycheck three months from now. If the Interest rate is an APR of 5.3 percent compounded daily. what is the amount of his quarterly check? Assume 365 days in a year. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) 22 23 26 Quarterly check amount
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