A bonus package pays an employee $800 at the end of the first year, $1800 at the end of the second year, $2800 at the end of the third year, and so on...continuing to increase by $1000 every year for the first nine (9) years of employment. What is the approximate present value today of the bonus package at 6% interest? OA 29,855 OB. 36,577 OC 30.018 O0.32.982

A bonus package pays an employee $800 at the end of the first year, $1800 at the end of the second year, $2800 at the end of the third year, and so on...continuing to increase by $1000 every year for the first nine (9) years of employment. What is the approximate present value today of the bonus package at 6% interest? OA 29,855 OB. 36,577 OC 30.018 O0.32.982

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please answer correct explain Calculation please answer

Don't answer by pen paper plz.

A bonus package pays an employee $800 at the end of the first year, $1800 at the end of the second year, $2800 at the end of the third year, and
so on...continuing to increase by $1000 every year for the first nine (9) years of employment. What is the approximate present value today of the
bonus package at 6% interest?
OA 29,855
OB. 36,577
OC 30.018
O0.32.982

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