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Quaker State Inc. offers a new employee two options. First, the employee can receive a one-time signing bonus at the date of employment. Second, the
Quaker State Inc. offers a new employee two options. First, the employee can receive a one-time signing bonus at the date of employment. Second, the employee can take $6,000 at the date of employment plus $29,000 at the end of each of his first two years of service. Assuming the employee's time value of money is 7% annually, what single payment in the first option would be equal to the total of the payments in the second option? (FV of $1. PV of $1. EVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $57,933 $58,433 $63281 None of the choices are correct
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