Question: Alex secured a part - time job with a local restaurant. He expects his annual salary to be $ 4 0 , 0 0 0

Alex secured a part-time job with a local restaurant. He expects his annual salary to be $40,000, $52,000, and $56,000 over the next three years (with the first payment taking place one year from today). Given a discount rate of 8%, how much is this job worth to Alex today?

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