St trucking just signed a $3.8 million contract. the contract calls for a payment of $1.1 million today, $1.3 million one year from today, and $1.4 million two years from today. what is this contract worth today at a discount rate of 8.7 percent?
a) $3,783,648.48
b) $3,480,817.37
c) $2,108,001.32
d) $3,202,223.89
e) $3,202,840.91

Clara client has just been presented with a standard representation agreement by the law firm of yatz & berger. clara's first language is german. although she speaks and reads everyday english quite well, the legal terms in the contract confuse her. yatz & berger should question 90 options: have someone in the firm, if possible, or a translator from outside of the firm, explain the terms of the contract thoroughly until clara has a full and complete understanding of its terms. advise clara to take the contract home and study it before signing it. have a paralegal explain the most important clauses in the contract to clara in smaller, plain english words. advise clara to sign the contract and take her copy home for study.