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In this problem you will evaluate today's value of an individual's human capital. Assume a 26-year old who has an income of $75,000 for the
In this problem you will evaluate today's value of an individual's human capital.
- Assume a 26-year old who has an income of $75,000 for the next 40 years with the first income payment today
What is the present value of the 26-year olds lifetime of income if the annual discount rate is 4%?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
