Bull Return toques or Built, a design/build engineering company that has always given year-end bonuses in the amount of $6,000 to each of its engineers, is having cash flow problems. The president said that although Bull Built could not give bonuses year, next year's bonus would be large enough to make up for this year's omission. If the interest rate is 11% per year, what is the equivalent bonus that engineers should receive next year?
The equivalent bonus that the engineers should receive next year is $ 6600.