Question
Marcel has just graduated from college and has found a job that will pay him $35,000 per year at the end of each year, but
Marcel has just graduated from college and has found a job that will pay him $35,000 per year at the end of each year, but the job is only for 6 years. He is not worried about that because he plans to do a MBA after gaining 6 years experience anyway. What is the value today of his 6-year salary assuming that the interest rate is 4%?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
