You just turned 32 years old, just received your current $88,000 (annual) salary and anticipate retiring on
Fantastic news! We've Found the answer you've been seeking!
Question:
a) What is the value today of future lifetime earnings from your current position?
b) What is the net present value today of taking Job A? (Note that you'll have to give up your current job to take the new job)
c) What is the net present value today of taking Job B? (Note that you'll have to give up your current job to take the new job)
d) Which job would you take?
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