A bonus package pays an employee $800 at the end of the first year, $1800 at the end of the second year, $2800 at the end of the third year, and so on...continuing to increase by $1000 every year for the first nine (9) years of employment. What is the approximate present value today of the bonus package at 6% interest?
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A bonus package pays an employee $800 at the end of the first year, $1800 at the end of the second y...
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