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What is the value today of his year salary

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Question - Marcel has just graduated from college and has found a job that will pay him $40,000 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 go for an MBA after gaining 7 years experience. What is the value today of his 7-year salary assuming that the interest rate is 7%?

Reference no: EM131960648

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