Upon graduation youve decided you wont accept a job unless


Upon graduation, you've decided you won't accept a job unless the total compensation you receive has a present value of at least $90,000. You have determined that the appropriate interest rate is 6% per year (nominal). You receive an offer from CBA Inc. where you get paychecks at the end of every 2 weeks (26 times per year). The offer includes a signing bonus of $5,000 that is paid immediately and a bonus of $7,500 that is paid along with your final (26th) regular paycheck of the year. How much must your regular paycheck be in order for you to accept CBA's offer?

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Finance Basics: Upon graduation youve decided you wont accept a job unless
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