{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

work2 019.jpg - 8 In 2012 basketball player Harrison Barnes...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 8. In 2012, basketball player Harrison Barnes signed a contract reported to be worth $375 million. The contract called for $10 million immediately and $57 million in 2012. The remaining $308 million was to be paid as $52 million in 2013, $49 million in 2014 and 2015, $46 million in 2016, $42 million in 2017, $35 million inr2018, $21 million in 2019, and $10 million in 2020 and 4 million in 2021. Assuming all the payments, except the first $10 million are paid at the end of each year and the discount rate is 13%, what kind of deal did the North Carolina basketball player snag? ’ L? A iii/l :2 V'“ g ’1 ,. Lift/313.1 , 937)W9IIQ75 : i W J 0; $4 9. You Want to buy a new car for $65,000. The contract is in the form of 60 month payments at 5 25% APR. What will be your monthly payments? ...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern