Title: Calculating the Present Value of Shohei Ohtani’s $700 Million Contract with the Los Angeles Dodgers

Shohei Ohtani recently signed a $700 million 10- year contract with the Los Angeles Dodgers of Major League Baseball.
The terms of the contract are that Shohei will receive $2 million a year, for ten years. At the end of the 10 years, Shohei will receive $68 million per year for the following 10 years.
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present value of Shohei Ohtani’s contract? You must show all of your work to receive full extra credit.

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