Decide whether you should accept the proposal

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Question: You are currently employed in Istanbul and your annual salary is 70.000TL. You asked for a transfer to Ankara but the company management will accept your proposal if you accept an 11% reduction in your salary. The price index in Istanbul is 132 and 95 in Ankara. With a MARR (im) of 10% and a study period of 5 years, decide whether you should accept this proposal. Assume that there is no increase in your salary for the next 5 years.

Reference no: EM132192695

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