Multiple Choice
Football player Walter Johnson signs a contract calling for payments of $2,500,000 per year,to begin 10 years from now.To find the present value of this contract,which table or tables should you use?
A) The future value of $1
B) The future value of an annuity of $1 and the future value of $1
C) The present value of an annuity of $1 and the present value of $1
D) The present value of an annuity of $1
Correct Answer:
Verified
Correct Answer:
Verified
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