You've just been hired at a new job. You expect to work there for 4 years....

You've just been hired at a new job. You expect to work there for 4 years. Your boss offers you a hiring bonus of either $2,986 today, or an additional $48 per month, starting next month, on your salary.

If your investments earn 3.81% APR (compounded monthly), how much would you gain or lose by taking the cash-bonus today?

If you would lose money, indicate your answer with a negative number.

Expert Solution

calc:

jeff jeffy answered 2 years ago

You've just been hired at a new job. You expect to work there for 4 years....

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You've just been hired at a new job. You expect to work there for 3 years....

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You've just been hired at a new job. You expect to work there for 4 years....

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