What is the present value of lauras salary

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Laura joined a multinational corporation. She expects to get her first salary of $100,000 one year from today. Also, her salary will grow at 4 percent each year, starting next year. Laura is 50 years old and plans to work 20 years, drawing only tweenty salaries.

What is the present value of Lauras salary if the discount rate is 8 percent? Set your decimal places to 6.

Reference no: EM131969154

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