^Matt,^a^{star basketball}^player,^is^looking^to^join^a^new^NBA^team.^The^Bulls^are^offering^him^$24^million^for^{one year.}^The^Heat^is^offering^him^$10^million^this^year^and^$7.0^millionⁱⁿ^each^of^the^next^{two years.}^The^market^interest^rate^is⁵^percent.^What^is^the^present^{value of}^the^offer^from^The^Heatin millions (rounded to the nearest one hundred thousand dollars)? A)$22.5 million B)$23.0 million C)$24.0 million D)$25.2 million

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The Answer of ^Matt,^a^{star basketball}^player,^is^looking^to^join^a^new^NBA^team.^The^Bulls^are^offering^him^$24^million^for^{one year.}^The^Heat^is^offering^him^$10^million^this^year^and^$7.0^millionⁱⁿ^each^of^the^next^{two years.}^The^market^interest^rate^is⁵^percent.^What^is^the^present^{value of}^the^offer^from^The^Heatin millions (rounded to the nearest one hundred thousand dollars)? A)$22.5 million B)$23.0 million C)$24.0 million D)$25.2 million

Matt, a Star Basketball player, is looking to join a

^Matt,^a^{Star Basketball}^player,^is^looking^to^join^a