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Nancy received a job offer. The annual salary is $70,000. For simplicity, assume she gets paid once a year at the end of each year.

Nancy received a job offer. The annual salary is $70,000. For simplicity, assume she gets paid once a year at the end of each year. The salary is expected to increase by 5% per year. If she works at the company for 28 years and the appropriate discount rate is 9% what is the present value of this offer?

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