You Are Considering Changing Jobs

question 83

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, $44,000, 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 $2,500 payable immediately. What is this offer worth to you today at a discount rate of 6.75 percent?

• A)$112,406
• B)$115,545
• C)$117,333
• D)$121,212
• E)$134,697

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Definitions:

Lens Paper

A soft, lint-free paper used to clean optical lenses and other delicate surfaces without scratching them.

Preserved Specimens

Biological specimens that have been treated and kept to prevent decay for education or research purposes.

Scalpel

A small and sharp surgical instrument used for making incisions.

Microcentrifuge

A laboratory device used for the rapid spinning of samples to separate components based on density.