(Answered) Molly has been told that if she can sell enough widgets

Economics

Molly has been told that if she can sell enough widgets annually, she will be in line for the following bonuses over the course of the next 3 years.

A. Year 1 - $10,000

B. Year 2 - $15,000

C. Year 3 - $20,000

With this data, calculate the present value of Molly's future bonus payment at 4% interest, assuming she will achieve her sales targets.

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Macroeconomics, Economics

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