A famous quarterback just signed a $12.8 million contract providing $3.2 million a year for 4 years. A less famous receiver signed a $11.8 million 4 year contact providing $3 million now and $2.4 million a year for 4 years . The interest rate is 8%.what is th PV of the quarterback's contract? what is the PV of the receiver's contract?

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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A famous quarterback just signed a $12.8 million contract providing $3.2 million a year for 4 years. A less famous receiver signed a $11.8 million 4 year contact providing $3 million now and $2.4 million a year for 4 years . The interest rate is 8%.
what is th PV of the quarterback's contract?

what is the PV of the receiver's contract?

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