Problem
The head coach at State University has received an offer to buy out his contract. The offer is $175,000 now and a semiannual annuity of $75,000 for the next 3 years. If money is worth 6.1% to the coach, what is the buyout worth?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.