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You are considering a job offer. The job offers an annual salary of $42,000, $45,000, and $48,000 a year for the next three years,
You are considering a job offer. The job offers an annual salary of $42,000, $45,000, and $48,000 a year for the next three years, respectively. The offer also includes a starting bonus of $1,000 payable immediately. What is this offer worth to you today at a discount rate of 5.5%?
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Step: 1
To calculate the present value of this job offer we need to find the present value of each o...
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