Norman has been offered a choice by his employer of $2,000 paid annually at the end of

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Norman has been offered a choice by his employer of $2,000 paid annually at the end of the year for the next 15 years or a one-time lump sum payment. Norman has been earning 9% on his investments and projects to continue.

What lump sum would be sufficient for him to forego the stream of payments?

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Industrial Relations in Canada

ISBN: 978-1118878392

4th Edition

Authors: Fiona McQuarrie

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Posted Date: Oct 02, 2023 01:08 AM

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Norman has been offered a choice by his employer of $2,000 paid annually at the end of

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Industrial Relations in Canada

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