FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have been offered a job with an unusual bonus structure Astong as you stay with them, you will get an 76.000 every seven years,

image text in transcribed
You have been offered a job with an unusual bonus structure Astong as you stay with them, you will get an 76.000 every seven years, starting seven years from now What is the present value of this incentive if you plan to work for the company for 12 years and the interest rate is 6.15 EART (Note: Be cool to round an immediate stops anderes The present value of this incentive is 1121396 30 (Round to the nearest dollar)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Full Guide To Bitcoin Investment

A Full Guide To Bitcoin Investment

Authors: J.b. Yupangco

1st Edition

8389911302, 978-8389911308

More Books

Students also viewed these Finance questions

Question

What is your number one goal in life?

Answered: 1 week ago

Question

★★★★★
At the beginning of 2008 Tanham Company discovered the following errors made in the preceding two years: Reported net income was $27,000 in 2006 and $35,000 in 2007. The allowance for doubtful...

Answered: 1 week ago

Question

★★★★★
You have been offered a job with an unusual bonus structure Astong as you stay with them, you will get an 76.000 every seven years, starting seven years from now What is the present value of this...

Answered: 1 week ago

Question

★★★★★
how to solve with steps , please solve without excel 3) What is the yield to maturity of a(n) eight-year, $5000 bond with a 4.4% coupon rate and semiannual coupons if this bond is currently trading...

Answered: 1 week ago

Question

★★★★★
During 2020, Oriole Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Oriole for a lump sum of $149,625 because it is discontinuing manufacturing operations...

Answered: 1 week ago

Question

★★★★★
Question 3. Condensed balance sheets for Rich Company and Jordan Company on January 1, 2016 are as follows: Rich Jordan Current Assets $440,000 $200,000 Plant and Equipment (net) 1,080,000 340,000...

Answered: 1 week ago

Question

★★★★★
The unadjusted trial balance for Bramble Corp. is shown below. BRAMBLE CORP. Trial Balance October 31, 2022 Debit Credit Cash $15,540 Supplies 2,570 Prepaid Insurance 690 Equipment 4,690 Notes...

Answered: 1 week ago

Question

★★★★★
Frankie and Pat are a married couple who adopted a child with special needs in a domestic adoption. They paid a total of $7,600 in adoption expenses in 2022, and the adoption was finalized on March...

Answered: 1 week ago

Question

★★★★★
Two variables, A and B, are correlated with Pearson's r and the obtained correlation is -0.23. Both variables are then standardized to Z scores and the variables, now in Z scores, are correlated...

Answered: 1 week ago

Question

★★★★★
4. Suppose that this year a small country has a GDP of $100 billion. Also assume that Ig = $30 billion, C = $60 billion, and Xn = $10 billion. How big is G? LO27.3 a. $0. b. $10 billion. c. $20...

Answered: 1 week ago

Question

★★★★★
2. Which of the following transactions would count in GDP? LO27.1 Select one or more answers from the choices shown. a. Kerry buys a new sweater to wear this winter. b. Patricia receives a Social...

Answered: 1 week ago

Question

★★★★★
8. Suppose that this years nominal GDP is $16 trillion. To account for the effects of inflation, we construct a price-level index in which an index value of 100 represents the price level 5 years...

Answered: 1 week ago

Previous Question Next Question