Your employer contributes $50 a week to your retirement plan. Assume that you work for your employer
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Question:
Your employer contributes $50 a week to your retirement plan. Assume that you work for your employer for another 12 years and that the applicable discount rate is 8%. Given these assumptions, what is this employee benefit worth to you today?
A. $20,046.80
B. $21,212.12
C. $21,406.14
D. $22,989.76
E. $23,521.79
Related Book For
Principles of Information Systems
ISBN: 978-0324665284
9th edition
Authors: Ralph M. Stair, George W. Reynolds
Posted Date: