A footballer is about to sign a new four year contract. The contract is reported as being worth £6.0m, which is the total wages over the period. Which of the following payment packages has the highest present value if the relevant interest reta is 3%? a.£1.5m now, £1.5m after 1 year, £1.2m after 2 years, £0.5m after 3 years and the remainder after 4 years b.£1. 5m now, £1m after 1 year, £1m after 2 years, £1.3m after 3 years and the remainder after 4 years c.£2.1m now, £1.5m after 2 years, £1.2m after 3years and the remainder after 4 years d.£3.5m after 1 year, £1.2m after 2 years, £1.1m after 3 years and the remainder after 4years e.All four payment packages have the same present value

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