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You are offered a job that will pay you 60000 a year You anticipate that your salary will increase by 5 a year until retirement
You are offered a job that will pay you 60000 a year You anticipate that your salary will increase by 5 a year until retirement in 40 years Given an interest rate of 8 what is the present value of your lifetime salary
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The PV of a growing annuity is given by PVga P11g1inig ...
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
