What is present value of bonus package at interest

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A bonus package pays an employee 900 at the end of the year, 1600 at the end of the second year, 2300 at the end of the third year, and so on, continuing to increase by 700 every year for the first 9 years of employment. What is the present value of the bonus package at 5% interest?

Reference no: EM13726587

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