The team wants to set aside an equal amount of funds each


The eagles are negotiating a new 3 year contract with carson wentz. the contract includes a bonus payment of 12 million be paid to him if he wins the superbowl mvp in the last year of the contract (in other words, in 3 years) the team wants to set aside an equal amount of funds each year to cover this anticipated cash outflow. the team can earn 6.5 percent on these funds. how much must the company set aside each year for this purpose?

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Financial Management: The team wants to set aside an equal amount of funds each
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