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A company will set aside 1% of total sales for year end bonu

Paper help Economics A company will set aside 1% of total sales for year end bonu

Economics

A company will set aside 1% of total sales for year end bonu

A company will set aside 1% of total sales for year end bonuses for all its employees. The sales are… Show more A company will set aside 1% of total sales for year end bonuses for all its employees. The sales are expected to be $5 million the first year, $6 million the second year, and amounts increasing by 15% each year for the next 6 years. At an interest rate of 10% per year, what is the present worth of the bonus package? • Show less

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