Problem #2: In a hypothetical situation, Emmanuel wants to sell his contract with the Eagles. Using an interest rate of 5%, what would the value of Emmanuel's contract be on July 1, 2025? If the current interest rate is 4%, how much would that value change?  He's got $29.8 million  $1,193,248.20 on July 1st from 2011-2035

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Problem #2: In a hypothetical situation, Emmanuel wants to sell his contract with the Eagles. Using an interest rate of 5%, what would the value of Emmanuel's contract be on July 1, 2025? If the current interest rate is 4%, how much would that value change? 

He's got $29.8 million 

$1,193,248.20 on July 1st from 2011-2035 

 

 

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