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Business, 03.10.2019 03:00 prestontu8883

Alocal newspaper headline blared, "bo smith signed for $30 million." a reading of the article revealed that on april 1, 2014, bo smith, the former record-breaking running back from football university, signed a $30 million package with the dallas rangers. the terms of the contract were $3 million immediately, $2.4 million per year for the first five years (with the first payment after one year) and $3 million per year for the next five years (with the first payment at year 6). if bo's interest rate is 8% per year, what would his contract be worth at the time he signs it?

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