In 2017, the NBA superstar Stephen Curry signed a new contract with Golden State Warriors. The contract has a “total val

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In 2017, the NBA superstar Stephen Curry signed a new contract
with Golden State Warriors. The contract has a “total value” of
$201.15 million. According to the contract, Curry will receive the
following payments
Year
Salary
2017 (t=0)
$45.78 million
2018 (t=1)
$43.00 million
2019 (t=2)
$40.23 million
2020 (t=3)
$37.46 million
2021 (t=4)
$34.68 million
Assume that the interest rate is 7.5%, what is the present value
of Stephen Curry’s new contract at year 2017 (t=0)?
$161.15 million
$164.39 million
$173.23 million
$176.71 million
$185.28 million