What minimum annual salary would you need to receive

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An employee has been offered a 5 year contract for a position at a company.Assume, initalliy that the salary is paid only at end of year and the interest rate is 0.375% bimonthly

a) You estimated that your living expenses to be $3,400 per bimonthly pay period(two times a month). What minimum annual salary would you need to receive (assume you are paid bimonthly payments(two times a month)) to cover these expenses, assuming the interest rate stays the same?

Reference no: EM131169507

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What minimum annual salary would you need to receive : An employee has been offered a 5 year contract for a position at a company. Assume, initalliy that the salary is paid only at end of year and the interest rate is 0.375% bimonthly. You estimated that your living expenses to be $3,400 per bimonthly pa..

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