Can anyone help me with this? I need it tonight. I have attached it below. 

 

Thank you

 

 

MTH112 Seminar 6 Application Activity: Big Money
Consider the following scenario:
A rookie football player is given a 6-year contract and he can decide the terms of payment. As his
financial advisor, it’s up to you to help him make the most profitable decision by choosing Option A,
Option B, or Option C.
1. Showing all work, calculate the total money earned at the end of six years for the following
scenarios (4 points each):
a. Option A: $1,700,000 base salary with an annual increase of $70,000 starting the second
year
b. Option B: $1,700,000 base salary with an annual increase of 2% per year beginning the
second year
c. Option C: $1,500,000 base salary with an annual increase of 9% per year starting with the
second year
2. Which contract would you suggest the rookie take? WHY (use mathematics and logic to support
your answer) (3 points)
3. If the contract were for 8 years, would your recommendation change? WHY or why not? (Use
mathematics and logic to support your answer) (5 points)

Attachments:

• 1492737472-MTH 112 Seminar 6 app activity.docx