Son recently to bec ome an Independen ntractor making championship trophies for the white Sox,...

80.2K

Verified Solution

Question

Finance

image

Son recently to bec ome an Independen ntractor making championship trophies for the white Sox, Blackhawks, and Bears. Through this lucrative position, he will be paid $12,000 - per year - for the next three years. What is the current value of this contract if the discount rate is 3.7%? - Select one: $33,470.27 $13,381.20 $12,414.80 $43,502.67

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students