An athlete signs a contract that guarantees a $8-million salary 6 yr from now. Assuming that money can be invested at 5.9% with interest compounded continuously, what is the present value of that year's salary? ... (Round to the nearest dollar as needed. Do not include the $ symbol in your answer.)

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A: Given that The  total amount A=$ 10000Interest rate r=9.2%=9.2100=0.092Time t=9 months =912=34=0.75…

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Q: The present value of $1500 in 6 months at 5% simple interest rate is Round answer to the nearest…

A: As per the concept of simple interest:FV=PV×(1+Rt)          Equation 1HereFV is the future value of…

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Q: The present value P that must be invested is ​$ ​(Round up to the nearest cent as​ needed.)

A: The formula for the present value (PV) of an investment is:PV = FV / (1 + r)^nwhere:FV is the future…