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Bubba Jones has an offer to play pro football in the Arena League. Part of...

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Accounting

Bubba Jones has an offer to play pro football in the Arena League. Part of his contract calls for him to receive a signing bonus, payable as follows: 100,000 dollars immediately, 70000 dollars in two years, and 140000 dollars in 6 years. What is the present value of the signing bonus, assuming 7.5 percent effective interest?
Answer =
dollars.

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