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A bonus package pays an employee $ 1 0 0 0 at the end of the first year, $ 1 5 0 0 at the
A bonus package pays an employee $ at the end of the first year, $ at the end of the second year, and so on for the first nine years of employment. What is the present worth of the bonus package at interest?
A bonus package pays an employee $ at the end of the first year, $ at the end of the second year, and so on for the first nine years of employment. What is the present worth of the bonus package at interest?
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