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A company is offering a bonus plan to its employees the

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A company is offering a bonus plan to its employees. The company will set aside 1% of sales as a bonus. The first year sales are expected to be 5,000,000 and increase 20 % per year. At an interest rate of 10 % what is the present value of this bonus over a 5 year period of time.

Reference no: EM13572829

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