in 2007, baseball player Alex Rodgriquez signed a contract reported to be worth $275 million. The contract called for $2 million immediately and $27...

41. in 2007, baseball player Alex Rodgriquez signed a contract reported to be worth $275 million. The contract called for $2 million immediately and $27 million in 2008. The remaining $246 million was to be paid as $33 million in 2009, $33million in 2010, $32 million in 2011, $30million in 2012, $32million in 2013, $25million in 2014, $21million in 2015, and $20million in 2016 and 2017. If the appropriate interest rate is 11 percent , what kind of deal did the infielder snag? Assume all payments other than the first $2 million are paid at the end of the year.