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You have just been hired by a large software company. It offered you a very competitive annual salary for the next three years: - End
You have just been hired by a large software company. It offered you a very competitive annual salary for the next three years: - End of year 1 (i.e., 1 year from today)......... You will be paid $66,000 as a lump sum for the first year of your work. - End of year 2 (i.e., 2 years from today)......... You will be paid $69,000 as a lump sum for the second year of your work. - End of year 3 (i.e., 3 years from today)......... You will be paid \$78,000 as a lump sum for the third year of your work. You are planning to deposit these right away into a special bank account that offers 4% interest, and keep it all there for a while without taking any money out. How much TOTAL money will you have in this bank account 6 years from today
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