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Assume that two athletes sign 10-year contracts that pay out a total of $100 million over...

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Finance

Assume that two athletes sign 10-year contracts that pay out atotal of $100 million over the life of the contracts. One contractwill pay the $100 million in equal installments over the 10 years.The other contract will pay the $100 million in installments, butthe installments increase 5% per year. Which athlete received thebetter deal? You must show your work and explain your position indetail.

I've seen this question answered but can someone showstep-by-step how they arrived at their answer?

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