Multiple Choice
Scott has been offered an employment contract for ten years at a starting salary of $65,000 with guaranteed annual raises of 5 percent.What is the current value of this offer at a discount rate of 7 percent?
A) $638,724.17
B) $602,409.91
C) $558,845.85
D) $630,500.00
E) $525,000.00
Correct Answer:
Verified
Correct Answer:
Verified
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