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A professional athlete signs a four-year contract in which the earnings can be modeled by c...

A professional athlete signs a four-year contract in which the earnings can be modeled by

c = 700,000 + 600,000t,

where t represents the year.

(a) Find the actual value of the athlete's contract.

(b)Assuming an annual inflation rate of 5%, what is the present value of the contract? (Round your answer to two decimal places.)

Math   Calculus   
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