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November 26, 2014

Homework Help: finance

Posted by help on Monday, February 25, 2008 at 10:11pm.

Not sure how to solve the following problem.
Suppose two athletes sign 10-year contracts for $80 million. In one case, we're told that the $80 million will be paid in 10 equal installments. In the other case, we're told that the $80 million will be paid in 10 installments, but the installments will increase by 5 percent per year. Who got the better deal?

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