Please explain this, I will 100% upvote! Elam, a contractor, just signed a contract with a...

Please explain this, I will 100% upvote!

Elam, a contractor, just signed a contract with a developer to provide services in a new home development. The developer has agreed to pay Elam $15,000 up front (today) 30,000 in two years and another $50,000 five years from today. Elam anticipates costs of $7,000 three years from today and another $25,000 eight years from today. What is the total value of the contract to Elam if the interest rate is 3.7%

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jeff jeffy answered 2 years ago

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