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What is the value today of his seven-year salary

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Question - Marcel has just graduated from college and has found a job that will pay him $35,000 per year at the end of each year, but the job is only for 7 years. He is not worried about that because he plans to do an MBA after gaining 7 years experience anyway. What is the value today of his 7-year salary assuming that the interest rate is 8%?

Reference no: EM133183357

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