You just got a job offer from Merrill Brothers. A part of your employment contract at...

You just got a job offer from Merrill Brothers. A part of your employment contract at the firm states that Merrill Brothers will contribute $60 a week for the next 20 years into a retirement plan for your benefit. At a discount rate of 9 percent, what is this benefit worth to you today?

Multiple Choice

$25,306.16
$27,618.46
$29,211.11
$25,987.74
$28,927.38

Solutions

Expert Solution

jeff jeffy answered 2 years ago

Next > < Previous

Related Solutions

Assume you just accepted a new job offer and you are negotiating your contract. You are...

Assume you just accepted a new job offer and you are negotiating your contract. You are offered the opportunity to take deferred salary. Would you accept this offer? Why or why not? If not, under what circumstances would you consider accepting a deferred salary? If you were the owner of a business, would you want to pay your employees a deferred salary? Why or why not?

You just graduated college with your Bachelors Degree and accepted a job offer at your dream...

You just graduated college with your Bachelors Degree and accepted a job offer at your dream company. You decided to celebrate by purchasing the vehicle of your dreams. Pictured is a Dodge Challenger HellCat see picture above for $58,995). You have a 720 credit score, therefore you were able to get a 5% interest rate on a 7 year loan. You will be making monthly payments. Using Excel, prepare a professional amortization schedule for the entire 7 years. It must...

You just got your first job and are buying a new car. After making a sizeable...

You just got your first job and are buying a new car. After making a sizeable down payment, you are borrowing the remaining $12,000 from your credit union at a loan rate of 6% APR over a five-year period. What are your monthly car loan payments?

You just signed your first pro contract. You got 3 million dollars in signing bonus and...

You just signed your first pro contract. You got 3 million dollars in signing bonus and will receive 1 million, 1.25 million, 1.5 million and 2 million dollars over the next 4 years. assuming an 11 perecent discount rate, what is the present value of your contract?

How did your response affect the job offer ( or lack of an offer that you...

How did your response affect the job offer ( or lack of an offer that you recieved?

You just got a new job at Six Flags to test roller coasters. The first roller...

You just got a new job at Six Flags to test roller coasters. The first roller coaster you test has a vertical circular loop with a diameter of 25 m. The empty car you are using has a mass of 135 kg. You can measure the speed of the empty car at all points along the loop and you find it has a speed of 27 m/s at the bottom and 9.5 m/s at the top of the loop. (a)...

You just got a job with Bling, Inc. The company distributes bracelets to various retail outlets...

You just got a job with Bling, Inc. The company distributes bracelets to various retail outlets across the country. In the past, the company hasn’t done budgeting and they run short on cash periodically. Because your wonderful Cost Accounting teacher prepared you so well, you decided to prepare comprehensive budgets for the second quarter in order to show management the benefits. You included other departments in your decision making process and have gathered the information below. The company sells many...

You have just accepted a job offer, which came with a signing bonus of $5,000 to...

You have just accepted a job offer, which came with a signing bonus of $5,000 to be paid today in your retirement account. Your employer will also contribute an extra $10,000 at the end of each full year (you start work tomorrow!). If this account is expected to earn 10% p.a. compounded semi-annually, which number is closest to the amount of money will you have in that account after five years? (including the payment for that year). A) $59,500 B)...

You have just applied for a job contract at LSP Company. This company will pay you...

You have just applied for a job contract at LSP Company. This company will pay you $75 at the end of the first year, $225 at the end of the second year, and $300 at the end of the fourth year. Currently you have a saving account in the bank that pays you a rate of 8% compounded annually. What is the future value of such contract at the end of the fourth year? *

You just graduated from college and are starting your new job. You realized the importance to...

You just graduated from college and are starting your new job. You realized the importance to save for the future and have figured out that you will save $2,000 per month for the next 14 years; and then increase to $6,000 per month for the following 6 years. The amount accumulated at the end of these investments will be your retirement egg nest. You plan to start retirement and start withdrawing monthly amounts the following month (you will be in...

Subjects