What is the value today of the salary

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Your opportunity cost of funds can be expressed as 6% per year, compounded quarterly. Assume now that the internship pays $8,000 per month (paid at the end of the month.) What is the value today of the salary? The duration of the internship is 3 months.

The answer options are: a. $23,787.34 b. $23,763.17 c. $21,334.15 d. $21,212.88

Reference no: EM132577983

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