You have taken a new job with a start-up company. You agreed to a modest salary...

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You have taken a new job with a start-up company. You agreed to a modest salary for the first two years, but if the company is successful you will be paid a $32,000 bonus at the end of your second year of employment. When you receive it, you plan to invest it for 5 more years and conservatively believe you can earn no less than 4.5 percent per year. Based on this assumption, how much money will you have 7 years from now? $39,877.82 $41,687.14 O $44,079.84 O $47,908.12 O $52,002.67 You have taken a new job with a start-up company. You agreed to a modest salary for the first two years, but if the company is successful you will be paid a $32,000 bonus at the end of your second year of employment. When you receive it, you plan to invest it for 5 more years and conservatively believe you can earn no less than 4.5 percent per year. Based on this assumption, how much money will you have 7 years from now? $39,877.82 $41,687.14 O $44,079.84 O $47,908.12 O $52,002.67

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