David Jetter Case Study

User Generated

pgnlybe7

Business Finance

Description

What initial salary would David need to receive to make him indifferent between attending Prentice University and staying in his current position?

Explain in detail with calculations.

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Explanation & Answer

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S / .025 ( 1 -(1.04 / 1.065)^38) *.69 * 1/(1.065)^2 +20000/(1.065)^2 -(73000+73000/1.065)
13.42282312 S - 123911.4152  = 779,402.90
13.4228212 S = 903314.3152
S  = 67296.90441
So initial salary should be $67,296.90441 to make Ben indifferent between
attending University  and staying in his current position.

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