Question
Your employer contributes $50 a week to your retirement plan. Assume that you work for your employer for another 12 years and that the applicable
Your employer contributes $50 a week to your retirement plan. Assume that you work for your employer for another 12 years and that the applicable discount rate is 8%. Given these assumptions, what is this employee benefit worth to you today?
A. $20,046.80
B. $21,212.12
C. $21,406.14
D. $22,989.76
E. $23,521.79
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Principles of Information Systems
Authors: Ralph M. Stair, George W. Reynolds
9th edition
978-1337097536, 1337097535, 978-1337515634, 1337515639, 978-0324665284
