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Question 8: After 4 years of hard work, 23-years old Jack graduated with his bachelor's degree in finance and started job. hunting, After serval interviews, he has secured smo job offers: offer from RBC In the offer from RBC, the starting annual salary is $65,000 and RBC promises that Jack 2.5% annual salary ghuth. can expect offer from TD Bank: In the offer from RBC, the starting annual salary is $70,000 and TD promises that Jack can expect 15% annual salary growth. growth. In addition, TD will award a one-time loyalty bonus of $30.000 on the 25th year anniversary it any employee works at TD for over 25 years, and other $50,000 other $50,000 bonus on the 35th anniversary. Assuming that Jake will stay with one employer until he retires at age of 65, which job offer should Jake take given a 4% annual interest rate CARR)? Question 8: After 4 years of hard work, 13 years old Jack graduated with his bachelor's degree in finance and started job. hunting After serval interviews, he has secured fumo job offers: offer from RBC In the offer from RBC, the starting annual salary is $65,000 and RBC promises that Jack 2.5% annual salary growth. can expect offer from TD Bank: In the offer from RBC, the starting annual salary is $70,000 and TD promises that Jack can expect 15% annual salary growth. In addition, TD will award a one-time loyalty bonus of $30.000 on the 25 year anniversary it any employee works at TD for over 25 years, and other $50,000 other $50,000 bonus on the 35th th anniversary. Assuming that Jake will stay with one employer until he retires at age of 65, which job offer should Jake take given a 4% annual interest rate CARR)

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