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Garland Inc. offers a new employee a lump-sum signing bonus at the date of employment, June 1, 2016. Alternatively, the employee can take $39,000 at

Garland Inc. offers a new employee a lump-sum signing bonus at the date of employment, June 1, 2016. Alternatively, the employee can take $39,000 at the date of employment plus $10,000 each June 1 for five years, beginning in 2020. Assuming the employee's time value of money is 9% annually, what lump sum at employment date would make him indifferent between the two options?

Can someone please tell me how to do this on a financial calc? like what to input for N,I, PV, PMT and FV.

The correct answer is $69,035.

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