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Business, 07.12.2019 00:31 lizziefayx3498

Quaker state inc. offers a new employee a single-sum signing bonus at the date of employment. alternatively, the employee can receive $8,000 at the date of employment plus $20,000 at the end of each of his first three years of service. assuming the employee's time value of money is 10% annually, what lump sum at employment date would make him indifferent between the two options?

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