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Accept a job unless the total compensation

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Upon graduation, you've decided you won't accept a job unless the total compensation you receive has a present value of at least $90,000. You have determined that the appropriate interest rate is 6% per year (nominal). You receive an offer from CBA Inc. where you get paychecks at the end of every 2 weeks (26 times per year). The offer includes a signing bonus of $5,000 that is paid immediately and a bonus of $7,500 that is paid along with your final (26th) regular paycheck of the year. How much must your regular paycheck be in order for you to accept CBA's offer?

Reference no: EM131428971

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