Sarfaraz has been signed to a three year, Rs10 million contract.
The details provide for an immediate cash bonus of Rs.1 million.
The player is to receive Rs.2 million in salary at the end of the
first year, Rs.3 million the next, and Rs.4 million at the end of
the last year. Assuming a 10 percent discount rate, is this package
worth Rs.10 million? How much is it worth?
Task: Solve this question as soon as possible.
Sarfaraz has been signed to a three year, Rs10 million contract. The details provide for an immediate cash bonus of Rs.1
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