Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. an all-pro defensive lineman is in contract negoti

An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary...

70.2K

Verified Solution

Question

Finance

image

An All-Pro defensive lineman is in contract negotiations. The team has offered the following salary structure: Time 9 1 2 3 Salary $6,300,000 4,900,000 5,400,000 S, 900,000 7,380,000 8,000,000 8,880,000 5 6 15 16 117 18 20 All salaries are to be paid in a lump sum. The player has asked you as his agent to renegotiate the terms. He wants a signing bonus of $9.8 million payable today and a contract value increase of $1,800,000. He also wants an equal salary paid every three months, with the first paycheck three months from now. If the Interest rate is an APR of 5.3 percent compounded daily. what is the amount of his quarterly check? Assume 365 days in a year. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) 22 23 26 Quarterly check amount

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Full Boat Manufacturing has projected sales of $124 million next year. Costs are expected to be...

Finance
Q

Why is the use of direct marketing increasing faster than overall sales growth? (Meaning that it...

General Management
Q

What was the position of many Asian and African countries during the Cold War O...

Biology
Q

Independent assortment refers to the way in which multiple sets of chromosome pairs can align...

Biology
Q

Four identical particles each of mass 1 kg are arranged at the corners of a...

Physics
Q

An 18 wheeler cargo truck is used to transport steel rods from Toronto to Ottawa...

Basic Math
Q

53 cos 0 csc 0 5 and 8 E QII

Calculus
Q

Solve the linear programming problem Maximize and minimize P 7x 8y subject to x y...

Algebra
Q

3 The marked price on a box of chocolates is 15 If the after tax...

Algebra
Q

Required information Problem 7-45(LO 7-2)(Algo) [The following information applies to...

Accounting
Q

Maxim has already spent $31,500 to manufacture a hamster food product called Green Health. Maxim...

Accounting
Q

Question 4 3 pts On 15 December 2019 Castellers Group wishes to lock in the...

Finance