Job with an unusual bonus structure

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Reference no: EM13927928

You have been offered a job with an unusual bonus structure. As long as you stay with the firm, you will get extra 70, 000 every seven years, starting seven years from now. What is the present value of this incentive if you plan to work for the company for 42 years and the interest rate is 6% (EAR) (round the intermediate steps no less than six decimals places)

Reference no: EM13927928

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