Tom adams has received a job offer from a large investment bank as a clerk to an associate banker. his base salary will be $59,000. he will receive his first annual salary payment one year from the day he begins to work. in addition, he will get an immediate $15,000 bonus for joining the company. his salary will grow at 3.9 percent each year. each year he will receive a bonus equal to 10 percent of his salary. mr. adams is expected to work for 20 years. what is the present value of the offer if the discount rate is 10 percent?

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.