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George Anders has just been offered a job at $ 7 5 , 0 0 0 per year, with the first payment made one year

George Anders has just been offered a job at $

75, 000

per year, with the first payment made one year from today.He anticipates his salary will grow by

4 %

per year until his retirement in

30

years.Given an interest rate of

10 %,

calculate the present value of his lifetime salary.

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