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What single amount at the employment date would make

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Question - Garland Inc. offers a new employee a single-sum signing bonus at the date of employment, June 1, 2021. Alternatively, the employee can receive $40,000 at the date of employment plus $11,000 each June 1 f six years, beginning in 2026. Assuming the employee's time value of money is 9% annually, what single amount at the employment date would make the options equally desirable?

Reference no: EM133152339

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