A Noted Free Agent Running Back Just Signed a Four

question 47

Multiple Choice

A noted free agent running back just signed a four -year, 30 -million dollar contract with a new team. He will get a 7 -million dollar signing bonus and a 4.5 -million dollar roster bonus. Additionally, he will get 3.25 million for year one, 5.25 million for year two, 5 million for year three, and 5 million for year four. Salary is paid at the end of the first year. Find the present value of his contract if money can earn 6%.

• A) $15,897,083.78
• B) $27,397,083.78
• C) $23,911,000.35
• D) $30,000,000

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Definitions:

Subgroup

A smaller, distinct group formed within a larger group, often based on shared interests or characteristics.

Disenchantment

A feeling of disappointment about someone or something you previously respected or admired; disillusionment.

Group Development Process

The stages through which a group passes as it develops over time, typically including forming, storming, norming, performing, and adjourning.

Standards Of Conduct

The set of guidelines and ethical considerations that govern the behavior of individuals within an organization.