At age35, Clarence earns his MBA and accepts a position as a vice president of an asphalt

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At age 35, Clarence earns his MBA and accepts a position as a vice president of an asphalt company. Assume that he will retire at the age of 65, having received an annual salary of $105,000, and that the interest rate is 4%, compounded continuously.

a) What is the accumulated present value of his position?

b) What is the accumulated future value of his position?

Related Book For answer-question

Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Sep 11, 2023 01:47 AM

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At age35, Clarence earns his MBA and accepts a position as a vice president of an asphalt

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Financial Accounting and Reporting a Global Perspective

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