You have been offered a temporary job and will be having a cash inflow of $300/month in two months from now for two months, $400/month in 4 months from now for three months, and $1,000/month in 9 months from now for four months. You will not have any income on 1st month, 7th month, and 8th month. Whenever you receive the payments, you plan to deposit in MSUFCU savings account, paying 12% of annual interest rate. How much does this job's income worth in today's dollars?

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Heres a breakdown of how to calculate Defined monthly interest rate I converted the annual interest ... View the full answer