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Calculate the value of the contract in todays dollars

Problem: Babe Ruth Jr. has agreed to play for the Cleveland Indians for $3 million per year the next ten years. What table would you use to calculate the value of this contract in today's dollars? A) Present value of an annuity, B) Present value of a single amount, C) Future value of an annuity, D) None of the above

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Finance Basics: Calculate the value of the contract in todays dollars

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