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07-06-2023
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In 2021, a basketball player signed a contract reported to be worth $101.4 million. The contract was to be paid as $15.2 million in 2021, $15.3 million in 2022, $17.6 million in 2023, $17.7 million in 2024, $17.7 million in 2025, and $17.9 million in 2026. If the appropriate interest rate is 10 percent, what kind of deal did the player dunk? Assume all payments are paid at the end of the year

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