If you earn 6% per year on your bank account, how long will it
take an account with $110 to double to $220?
A famous quarterback just signed a contract for $19.5 million,
providing $3.9 million a year for 5 years. A less famous receiver
signed a contract for $18.5 million, providing $4 million now and
$2.9 million a year for 5 years. The interest rate is 10%.
a. What is the PV of the quarterback's
contract? (Do not round...