Under the terms of his salary agreement, president Adams Walters has an option of receiving eithe… 1 answer below »

Under the terms of his salary agreement, president Adams Walters has an option of receiving either an immediate bonus of $60,500, or a deferred bonus of $77,000 payable in 10 years.

Ignoring tax considerations and assuming a relevant interest rate of 4%, which form of settlement should Walters accept?
Present value of deferred bonus
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