The contract really worth today if global enterprises can earn 12 percent on its money will be 2.58 million.
<h3>What is a contract signing?</h3>
The participants that sign the agreement agree to the statement's provisions as well as their commercial duties.
Global enterprises have just signed a $3 million contract.
The contract calls for a payment of $0.5 million today, $0.9 million one year from today, and $1.6 million two years from today.
Then the contract really worth today if global enterprises can earn 12 percent on its money will be
Contract really worth today = 0.5m + (0.9m/1.12) + (1.6m/1.12²)
Contract really worth today = $2.579 million
Contract really worth today ≅ 2.58 million
More about the contract signing link is given below.
brainly.com/question/6176000
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