Babe Ruth Jr. has agreed to play for the Cleveland Indians for $3 million per year the next ten years. What table would you use to calculate the value of this contract in today’s dollars? A)Present value of an annuity, B)Present value of a single amount, C)Future value of an annuity, D)None of the above
Babe Ruth Jr. has agreed to play for the Cleveland Indians for $3 million per year the next ten years.
No comments:
Post a Comment