Ms. Young Lender who accepted a $45,000 salary from the Ag National Bank passed up another...
Ms. Young Lender who accepted a $45,000 salary from the Ag National Bank passed up another banking alternative that is further away with a $47,500 salary. Assuming the salary differential persists over her 40 year employment, what is the annual difference of $2,500 worth now, using a 5% discount rate?
Homework Answers
Please refer to below spreadsheet for calculation and answer. Cell reference also provided.
Cell reference -
Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.
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