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What is the present value of these future earning today

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Reference no: EM131968763

Your first job out of college will pay you $65000 in year 1(exactly one year from today). You estimate that your salary will grow at 5% per year for 30 years (compounded annually). If the applicable discount rate is 10%, what is the present value of these future earning today?

  • $611244.67
  • $752315.74
  • $978010.46
  • $1045910.97

Reference no: EM131968763

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