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What single sum at the employment date would make

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Question - Davenport Inc. offers a new employee a single-sum signing bonus at the date of employment. Alternatively, the employee can receive $39,000 at the date of employment and another $59,000 3 years later. Assuming the employee's time value of money is 9% annually, what single sum at the employment date would make her indifferent between the two options?

Reference no: EM133105892

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