After earning an MBA, a student will begin working at an $80,000-per-year job on September 1, 2005.
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After earning an MBA, a student will begin working at an $80,000-per-year job on September 1, 2005. She expects to receive a 5 percent raise each year until she retires on September 1, 2035. If the cost of capital is 8 percent a year, determine the total present value of her before-tax earnings.
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To determine the total present value of the students beforetax earnings we need to calculate the pre...View the full answer
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Related Book For 
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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