you will make $50,000 the first year of your job. your pay is guaranteed to...
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you will make $50,000 the first year of your job. your pay is guaranteed to keep up with inflation at 3%, for 40 years-when you have to retire. alternatively you can retire after 25 years and get the equivalent of the rest of your salary then. your discount rate if 8%. how much money would you get if you retire right at the end of year 25
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