Glenn Robinson recently signed a contract: receiving 12,500 every MONTH for the following 7 years.

Glenn Robinson recently signed a contract: receiving 12,500 every MONTH for the following 7 years. Then, receive 15,000 per MONTH for 2years following. How much is the contract worth in today's dollars, assuming an annual discount rate of 12%? A. approx. 1.21 million B. approx. 980,224 C. approx. 1.47 million D. approx. 755,872 E. approx. 846,246