Recently, Matt Ryan, an NFL quarterback, agreed to a five-year, $103.75 million contract extension with...
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Recently, Matt Ryan, an NFL quarterback, agreed to a five-year, $103.75 million contract extension with the Atlanta Facons, which made him one of the highest-paid players in professional football history. The contract consisted of a $30 milion signing bonus and average annual salary of $20.75 milion. The $30 million signing bonus was pro-rated over the course of the contract, in such that $2 million was paid uphort and remaining balance over the five-year contract period. Assume that his interest rate is 6% Click the icon to view the detail breakdown of the contract Click the icon to view the interest and annuity table for discrete compounding when 0% per year C (a) How much won the quarterback's contract actually worth at thetime of signing (year 2013? At the time of signing (year 2013) the quarterback's contract was actually worth $million (Round to two decimal places.)
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