Assuming a discount rate of 5 what is the value of the


A tennis player has just signed a $40 million contact to play four years she will receive 8 million as an immediate cash bonus, $4 million at the end of the first year, $10 million at the end of the 2^nd year, and the remaining $18 million at the end of the contract. Assuming a discount rate of 5%, what is the value of the package?

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Financial Management: Assuming a discount rate of 5 what is the value of the
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