Question
You have taken a new job with a start-up company.You agreed to a modest salary for the first two years, but if the company is
You have taken a new job with a start-up company.You agreed to a modest salary for the first two years, but if the company is successful you will be paid a $10,771.20 bonus at the end of your 4th year of employment.When you receive it, you plan to invest it for 8 more years. You believe you can earn 5.57% APR per year.Given this, how much money will you have 12 years from now?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
