An employee who wins has a job offer of 70,000 a year. If he decides to work

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Question:

An employee who wins has a job offer of 70,000 a year. If he decides to work in another company division, it will take him 1 year to complete the move and he will earn 77,000 over the next 5 years. During that year he will have additional expenses of 20,000 regardless of the fact that his income that year (70,000) will be nil since they will be used in preparation to move. After those first 6 years, he will have an income of 75,000 + X the first decade, 80,000 + X the second, and 85,000 + X the third. Find the value of X that makes the division move pay for itself. Explain the process. Assumes 10% interest