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What is the present value of incentive if you plan to work

You have been offered a job with an unusual bonus structure. As long as you stay with the firm, you will get an extra $70,000 every seven years, starting seven years from now. What is the present value of this incentive if you plan to work for the company for a total of 42 years and the interest rate is 6% (EAR)?

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Accounting Basics: What is the present value of incentive if you plan to work

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