What is the present value of the offer

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Question - Mr. Mohammed Ali has received a job offer from a large investment bank as an accountant. His base salary will be $35,000 constant to date of retirement. He will receive his first annual Salary payment one year from the day he begins to work. In addition he will get an immediate $10,000 bonus for joining the company. Mr. Ali is expected to work for 25 years. What is the present value of the offer if the discount rate is 12 percent?

Reference no: EM132957233

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