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Assume that your boss called you earlier this moming to let you know that a bonus of $500 has been credited to your account (you
Assume that your boss called you earlier this moming to let you know that a bonus of $500 has been credited to your account (you have opted for direct deposit). During the call your boss also tells you that company performance permitting, you will receive a bonus the next three years as well. The amount of bonus and the dates you will receive them, including the one you received today, are provided below Dates are in MM/DD/YYYY format. Date 05/03/2021 05/03/2022 05/03/2023 05/03/2024 Amount $500 $550 $600 $650 What is the total value today of all your received + expected bonuses if your account earns 4% interest compounded quarterly? [5 points)
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