After graduation with your MBA, you are offered a job paying $60,000 per year, which will increase by 5% per year. You plan to work for this company...
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 After graduation with your MBA, you are offered a job paying $60,000 per

year, which will increase by 5% per year. You plan to work for this company for 25 years and then retire. Assume interest rate is 8% and your salary is paid annually at the end of the year. What is the present value of your salary?

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