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Peter secured a part-time job with a local dealership. He expects his annual salary to be $15,000, $5,000, and $12,000 over the next three years
Peter secured a part-time job with a local dealership. He expects his annual salary to be $15,000, $5,000, and $12,000 over the next three years (with the first payment taking place one year from today). Given a discount rate of 10%, how much is this job worth to Peter today?
Select one:
a. $29,091
b. $32,000
c. $26,784
d. $29,769
e. $30,000
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