The Montreal Canadiens have just announced the signing of Finnish hockey sensation Gunnar Skoroften to a 10-year contract at $3 million per year. The media are reporting the deal as being worth $30 million to the young Finn. Rounded to the dollar, what current economic value would you place on the contract if Skoroften will be paid $250,000 at the end of each month and money can earn 6% compounded monthly?

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The Answer of The Montreal Canadiens have just announced the signing of Finnish hockey sensation Gunnar Skoroften to a 10-year contract at $3 million per year. The media are reporting the deal as being worth $30 million to the young Finn. Rounded to the dollar, what current economic value would you place on the contract if Skoroften will be paid $250,000 at the end of each month and money can earn 6% compounded monthly?

The Montreal Canadiens Have Just Announced the Signing of Finnish