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ziro4ka [17]
3 years ago
7

You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement

s. You can have $7,300 per month for the next three years, or you can have $6,000 per month for the next three years, along with a $32,500 signing bonus today. Assume the interest rate is 8 percent compounded monthly. a. If you take the first option, $7,300 per month for three years, what is the present value?
Business
1 answer:
svetlana [45]3 years ago
7 0

Answer:

$223,370

Explanation:

See attached file

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