After acing FIN301 and continuing on through a highly successful academic journey to a LeBow Bachelors...

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After acing FIN301 and continuing on through a highly successful academic journey to a LeBow Bachelors of Science in Finance, you receive an analyst position at JPMorgan Chase. Your starting salary will be $70,000 for the first two years, and then $105,000 for the following 2 years when you are inevitably promoted to Associate. Given your sterling credentials, you receive a moving bonus (to NYC, of course) of $3,000. What is the present value of your first four years of compensation, if the discount rate is 10%? assume Year 1 Salary arrives at the end of Year 1, and so on. After acing FIN301 and continuing on through a highly successful academic journey to a LeBow Bachelors of Science in Finance, you receive an analyst position at JPMorgan Chase. Your starting salary will be $70,000 for the first two years, and then $105,000 for the following 2 years when you are inevitably promoted to Associate. Given your sterling credentials, you receive a moving bonus (to NYC, of course) of $3,000. What is the present value of your first four years of compensation, if the discount rate is 10%? assume Year 1 Salary arrives at the end of Year 1, and so on.

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