Question
Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for three years, she will receive a bonus
Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for three years, she will receive a bonus of $4,900.
With an annual discount rate of 6%, calculate the value today of receiving $4,900 in three years. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.)
Present value =
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Managerial Accounting
Authors: Charles E. Davis, Elizabeth Davis
2nd edition
ISBN: 1118548639, 9781118800713, 1118338448, 9781118548639, 1118800710, 978-1118338445
