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A rookie quarterback is negotiating his first NFL contract. He can invest at a 7% annual...

A rookie quarterback is negotiating his first NFL contract. He can invest at a 7% annual interest rate.Payments are guaranteed, and they would be made at the end of each year. Terms of each contract are: $5million in year 1, $3 million in year 2, $1 million in year 3, and $2.5 million in year 4. What is the present value of the contract? (your answer should be in millions of dollars with two decimals and no $ sign)

Find the future value of an initial $2,233 compounded for 7 years at 13%. Assume monthly compounding. (round to the nearest whole dollar)

Consider the following cash flows and calculate the Present Value of this cash flow stream if the interest rate is 4%.  Please include two decimals in your answer and a negative if appropriate

Year 0: $332

Year 1: $0

Year 2: $0

Year 3: $-498

Year 4: $319

You recently received a letter from Cut-to-the-Chase National Bank that offers you a new credit card that has no annual fee. It states that the annual percentage rate (APR) is 18% on outstanding balances. If the card is billed monthly with monthly compounding, what is the effective annual rate? (round to two decimals)

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