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Business, 18.06.2021 22:40 jaidyn3mccoy6
Davenport Inc. offers a new employee two options. First, the employee can receive a one-time signing bonus at the date of employment. Second, the employee can take $31,000 at the date of employment and another $58,000 three years later. Assuming the employee's time value of money is 7% annually, what single payment in the first option would be equal to the total of the payments in the second option
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