Your employer gives you a stock bonus of $1,000 in your company at the end of each year.You plan to retire in 20 years.The stock has a growth rate of 15 percent per annum.What will the value of your stock be in 20 years? This problem would be solved by using the formula for the

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The problem involves calculating the future value of a series of equal annual stock bonuses, which is an ordinary annuity, growing at a constant rate.

Your Employer Gives You a Stock Bonus of $1,000 in Your