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5:1] E-'Ifhen your rm hires a new employee this year, it is obligated to contribute $5,000 to a dened 54} contribution plan for that employee
5:1] E-'Ifhen your rm hires a new employee this year, it is obligated to contribute $5,000 to a dened 54} contribution plan for that employee one vear after the hire date. The mmibuon must be adjusted armuallv for ination Assume that ination will be a constant 2. 5% a sea: from this point forward. qut is the cost to you of hiring a 31]- 1sear old who will be with the CDII'IPBILV for 32 years if the appropriate disoount rate is 1%? Round your answer to the nearest dollar. A} $53,553 El} $63,333 C} $66,613? D} $59,?DS
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