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You are offered two jobs. One initially pays $100,000 annually, and your salary will grow annually at 11.5%. The other pays $97,000 annually but your salary will grow at 12%. After ten years, which job pays the higher salary?
Basic Finance, Finance
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Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t = 1). (Round your answer ...
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