Business, 30.03.2021 01:20 pedroramirezr2

Garland Inc. offers a new employee a single-sum signing bonus at the date of employment, June 1, 2021. Alternatively, the employee can receive $44,000 at the date of employment plus $15,000 each June 1 for four years, beginning in 2024. Assuming the employee's time value of money is 9% annually, what single amount at the employment date would make the options equally desirable

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Garland Inc. offers a new employee a single-sum signing bonus at the date of employment, June 1, 202...

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