You Are Considering Changing Jobs

question 68

Multiple Choice

You are considering changing jobs.Your goal is to work for three years and then return to school full-time in pursuit of an advanced degree.A potential employer just offered you an annual salary of $41,000,$43,000,and $46,000 a year for the next three years,respectively.All salary payments are made as lump sum payments at the end of each year.The offer also includes a starting bonus of $3,000 payable immediately.What is this offer worth to you today at a discount rate of 6.75 percent?

• A)$111,406
• B)$114,545
• C)$116,956
• D)$120,212
• E)$133,697

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Definitions:

World View

The fundamental cognitive orientation of an individual or society encompassing the entirety of the individual or society's knowledge and point of view.

Society View

The collective attitudes, perspectives, and norms held by a society or community about various issues and entities.

Public Rituals

Ceremonial acts or events conducted in the public eye that are often symbolic, celebrating or commemorating social or cultural values and traditions.

Durkheim

A foundational French sociologist best known for his theories on social structures, collective conscience, and the study of suicide.