Xavier Is a Baseball Player Negotiating a Contract to Play

question 49

Multiple Choice

Xavier is a baseball player negotiating a contract to play for a team for one year. He is usually paid $10 million a year for playing, but the salary caps for his team means that he will have to be paid $5 million this year and the remainder next year. If the interest rate is 8 percent, how much should that remaining amount be next year?

• A) $5.0 million
• B) $5.1 million
• C) $5.4 million
• D) $6.1 million

---

Definitions:

Decoding

The process of interpreting or understanding a message or information received.

Message

A piece of information or communication sent from one person or group to another.

Common Uses

Typical or widely accepted applications or purposes for an item, concept, or procedure.

Social Media

Online platforms and technologies that facilitate social interaction and content sharing among users.