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Business: contract buyout. Guy Laplace signs a 6-yr contract to play professional hockey at a salary of $475,000 per year. After 2 yr, his team offers to buy out the remainder of his contract. What is the least amount Guy should accept, if the going interest rate is 5.1%, compounded continuously?
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Calculus and Its Applications Plus MyLab Math with Pearson eText -- Access Card Package (11th Edition) (Bittinger, Ellenbogen & Surgent, The Calculus and Its Applications Series)
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