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You just got hired and your company gave you a bonus for accepting the offer right now and not waiting for a later date. You are promised to receive $75,000.00 per year for the next 6 years. The bonus is an amount of $5,000.00 to be received upon signing the contract. The prevailing interest rates used by your employer is 5.50% interest is compounded on an annual basis. your employer decides to do you a favor and agrees to pay your contract amounts at the beginning of the year instead of at the end of the year. what is the current value of your contract today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92794999

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