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What is the formula to solve? I have a BAII Plus Finance Calculator, if you know how to solve with that please let me know.
What is the formula to solve? I have a BAII Plus Finance Calculator, if you know how to solve with that please let me know. Thank you
6. John Roberts is offered an incentive package if he retires after 5 years. After retirement, the incentive package will pay him an additional $20,000 at the end of each year for the following 20 years. Assume that the relevant interest rate is 12%, compounded annually, how much is the incentive package worth today? 20,000 20,000 to, o r o, ou 20,00 2000 A/ $156,863 B. $84,767 1 2 3 4 5 20 a C. $72,096 D. $228,958Step by Step Solution
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