An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure: Time Salary 0 $ 6,700,000 1 $ 5,300,000 2 $ 5,800,000 3 $ 6,300,000 4 $ 7,700,000 5 $ 8,400,000 6 $ 9,200,000 All...

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An All-Pro defensive lineman is in contract negotiations. Theteam has offered the following salary structure:

Time Salary
0 $ 6,700,000
1 $ 5,300,000
2 $ 5,800,000
3 $ 6,300,000
4 $ 7,700,000
5 $ 8,400,000
6 $ 9,200,000

All salaries are to be paid in lump sums. The player has askedyou as his agent to renegotiate the terms. He wants a $10.2 millionsigning bonus payable today and a contract value increase of$2,200,000. He also wants an equal salary paid every three months,with the first paycheck three months from now. If the interest rateis 5.7 percent compounded daily, what is the amount of hisquarterly check? Assume 365 days in a year. (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)

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An All-Pro defensive lineman is in contract negotiations. Theteam has offered the following salary structure:TimeSalary0$6,700,0001$5,300,0002$5,800,0003$6,300,0004$7,700,0005$8,400,0006$9,200,000 All salaries are to be paid in lump sums. The player has askedyou as his agent to renegotiate the terms. He wants a $10.2 millionsigning bonus payable today and a contract value increase of$2,200,000. He also wants an equal salary paid every three months,with the first paycheck three months from now. If the interest rateis 5.7 percent compounded daily, what is the amount of hisquarterly check? Assume 365 days in a year. (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)

Time		Salary
0	$	6,700,000
1	$	5,300,000
2	$	5,800,000
3	$	6,300,000
4	$	7,700,000
5	$	8,400,000
6	$	9,200,000