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Originally Posted by asquare
Right, but the salary gains you posit would come even later -- and what matters is when they come relative to the foregone $40,000. So you have to discount the $40,000, but you also have to discount the increased salary, which is worth less (has a lower PDV) each year into the future.
But this is really not related to the OP's question, so let's not hijack the thread  |
well i'm learning something
