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Present value of molly future bonus

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Reference no: EM131211915

Molly has been told that if she can sell enough widgets annually, she will be in line for the following bonuses over the course of the next 3 years.

A. Year 1 - $10,000

B. Year 2 - $15,000

C. Year 3 - $20,000

With this data, calculate the present value of Molly's future bonus payment at 4% interest, assuming she will achieve her sales targets.

Reference no: EM131211915

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