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Sarah is paid $5 each year for the next 10 years with a Balloon Payment of $25 and a signing bonus of $50. What is the value of her contract if the interest rate is 6%?

Sarah wants to renegotiate her contract and increase its value by $25. If she wants a Balloon Payment of $20 and a signing bonus of $40. If she wants to increase her salary by 5% each year what is her salary in the 8th year?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92094063

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