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An Athlete Is Offered a Signing Bonus Of $2.5\$ 2.5 Million Per Year for 10 Years

Question 68

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An athlete is offered a signing bonus of $2.5\$ 2.5 million per year for 10 years. If the interest rate is 5.8%5.8 \% per year, compounded annually, what is the present value of this bonus? Round to the nearest dollar.

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