1. Read the case study information and use it to answer the questions for the assignment. Scenario You have worked at a

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1 Read The Case Study Information And Use It To Answer The Questions For The Assignment Scenario You Have Worked At A 1 (42.6 KiB) Viewed 9 times

1. Read the case study information and use it to answer the questions for the assignment. Scenario You have worked at a nonprofit company for 10 years. COVID-19 has slowed business down for your company. The company has decided that they cannot give their annual company raise or cost of living adjustment. • The company has offered either a one-time bonus of $5,000 (e.g., advance payment) or deferred compensation of $7,000 payable in 3 years as retirement. . Keep in mind that the bank offers 4.5% interest to place your advance payment in savings. • The retirement account earns 3% interest on the investment. Case Study Questions a. Create an Excel spreadsheet with two tabs to record your answers. b. Using the time value of money concepts, determine the outcome for each option. Explain your calculations in Tab 1 of the Excel spreadsheet. c. In Tab 2, state which option you would choose. Provide details to support your answer.