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Judy Sun just received an annual raise of $500 starting with the current year. If Judy anticipates working for eight more years (including the current

Judy Sun just received an annual raise of $500 starting with the current year. If Judy anticipates working for eight more years (including the current year) and the cash flows are discounted at 8%, what cash award today would be equivalent to the pay raise? A. $4,000 B. $2,874 C. $2,160 D. $2,603 Please show work

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