Present value. You are currently in the job market. Your dream is to earn a six-figure salary ($120,000). You hope to accomplish this goal within the next 30 years. In your field, salaries grow at 3.25% per year. What starting salary do you need to reach this goal? What starting salary do you need to reach this goal? (Round to the nearest cent.) $

Present value. You are currently in the job market. Your dream is to earn a six-figure salary ($120,000). You hope to accomplish this goal within the next 30 years. In your field, salaries grow at 3.25% per year. What starting salary do you need to reach this goal? What starting salary do you need to reach this goal? (Round to the nearest cent.) $

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 35P

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