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Posted on May 03, 2023

Your employer gives you a stock bonus of $1,000 in your company at the end of each year. You plan to retire in 20 years.

Your employer gives you a stock bonus of $1,000 in your company at the end of each year. You plan to retire in 20 years. The stock has a growth rate of 15 percent per annum. What will the value of your stock be in 20 years?

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