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George Anders has just been offered a job at $60,000 per year, with the first payment made one year from today. He anticipates his salary
George Anders has just been offered a job at $60,000 per year, with the first payment made one year from today. He anticipates his salary will grow by 3.5% per year until his retirement in 45 years. Given an interest rate of 9%, calculate the present value of his lifetime salary. (Enter a positive value and round to 2 decimals) |
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