Solved: If the applicable discount rate is 10 what is the present, Basic Statistics

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If the applicable discount rate is 10 what is the present

Your first job out of college will pay you $65000 in year 1(exactly one year from today). You estimate that your salary will grow at 5% per year for 30 years (compounded annually). If the applicable discount rate is 10%, what is the present value of these future earning today?

$611244.67
$752315.74
$978010.46
$1045910.97

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Basic Statistics: If the applicable discount rate is 10 what is the present

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Basic Statistics: If the applicable discount rate is 10 what is the present

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