Somebody Help!

$7,500 = C/1.15 + C/1.15^2 Solving this yields that C = $4,613.37 each year.

Where are they getting the $4,613.37 from? This does not make sense to me because if you plug in $4,613.37 and solve the equation it does not yield $7,500. Is this just a typo in my book?

3 Comments
 

No, this seems to be correct.

Solving, 7500 = C(1/1.15+1/1.15^2) -> C = 7500/(1/1.15 + 1/1.15^2) -> C = 7500/1.6257 -> 4613.37.

And indeed, if you plug that back into the equation, 4613.37/1.15 + 4613.37/1.15^2 = 7500.

All good!

To the starving man, beans are caviar
 

Quae qui distinctio qui at soluta corporis. Consequatur et facere mollitia id. Rerum placeat repellendus vitae dignissimos quisquam reprehenderit quo quas.

Error accusantium error explicabo asperiores enim amet eos et. Maiores quo eaque sunt vero. Praesentium voluptas corporis voluptates recusandae. Quas sint nam doloremque magni reprehenderit quos. Aut fugit qui omnis harum hic quibusdam. Qui aut id itaque et quia sapiente.

Error autem sed ipsa eum vel cupiditate. Quasi temporibus quasi sapiente quia temporibus et molestiae neque. Incidunt sunt est at ut sed at a.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”