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You have just been offered a job. Your base salary will be $90,000 per year and the first year's annual salary will be received one
You have just been offered a job. Your base salary will be $90,000 per year and the first year's annual salary will be received one year from the day you start working. You receive a bonus immediately of $12,500. Your salary will grow 4 percent per year and you will receive a bonus of 10 percent of your salary. You expect to work 30 years. Your discount rate is 11 percent. What is the present value of your offer?
$1,226,408.67
$1,230,271.10
$1,225,169.93
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