David Jetter Case Study

Business & Finance
Tutor: None Selected Time limit: 1 Day

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.

Sep 28th, 2015

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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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Sep 30th, 2015

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Sep 28th, 2015
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Sep 28th, 2015
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