Answer to Question #74227 in Microeconomics for zulfiqar

Question #74227
An executive's three-year employment contract calls for an annual salary of $6 Millions (paid in monthly installments) for the first year with a 10 percent increase in the salary each year. What is the present value of this contract ? The appropriate discount rate is 8 percent per year.
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2018-03-14T06:42:08-0400

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