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Social Studies, 05.08.2019 17:20 hannahgracew12
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 $28,000 at the date of employment and another $45,000 two years later. assuming the employee's time value of money is 11% 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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