You have been offered a job with an unusual bonus structure. As long as you stay with
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You have been offered a job with an unusual bonus structure. As long as you stay with the firm, you will get an extra $50,000 every six years, starting six years from now. What is the present value of this incentive if you plan to work for the company for a total of 48 years and the interest rate is 8% (EAR)?
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