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Assume that two athletes sign 10-year contracts that pay out a total of $100 million over...

Assume that two athletes sign 10-year contracts that pay out a total of $100 million over the life of the contracts. One contract will pay the $100 million in equal installments over the 10 years. The other contract will pay the $100 million in installments, but the installments increase 5% per year. Which athlete received the better deal? You must show your work and explain your position in detail.

I've seen this question answered but can someone show step-by-step how they arrived at their answer?

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jeff jeffy answered 3 months ago
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