You have just been offered a job. Your base salary will be $95,000 per year...
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You have just been offered a job. Your base salary will be $95,000 per year and the first years annual salary will be received one year from the day you start working. You receive a bonus immediately of $12,500. Your salary will grow 4 percent per year and you will receive a bonus of 10 percent of your salary. You expect to work for 30 years. Your discount rate is 10 percent. What is the present value of your offer?
Answer Choices:
A. $1,430,435.39
B. $1,429,299.02
C. $1,434,947.00
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