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Dina has received a job offer from Amegy bank as branch manager.Her base salary will be $50,000 today. Assuming for simplicity thatshe will receive $50,000 today and her next annual salary with theappropriate increment one year from today. Her increment will be 5percent each year if she performs well in the bank. Each year shewill receive a bonus equal to 10 percent of her salary and herfirst bonus will be one year from today (her bonus will be 10% ofher salary at that point). Dina is expected to work for the next 20years. What is the present value of the offer if the discount rateis 9 percent? (Note: 1.5X Credit) $577,500.00 $810,235.04$1,122,929.30 $1,602,929.95 $2,395,101.72
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