Question
George Anders has just been offered a job at $55,000 per year, with the first payment made one year from today.He anticipates his salary will
George Anders has just been offered a job at $55,000 per year, with the first payment made one year from today.He anticipates his salary will grow by 3% per year until his retirement in 35 years.Given an interest rate of 8%, calculate the present value of his lifetime salary.(Enter a positive value and round to 2 decimals)
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
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