You are a sports agent who is representing Jack Lofton, a star football player, in contract negotiations with the New York Landmarks. The Landmarks have offered Lofton a four-year contract, with annual raises and performance bonuses that will result in a growing cash-flow stream for Lofton each year. Which table factor(s) should you use to most efficiently determine the "value" of the contract?
A. Present value of $1.
B. Future value of a $1 annuity.
C. Present value of a $1 annuity.
D. Future value of $1.
E. Both Present value of $1 and Present value of a $1 annuity.
Answer: A
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