Question:

You have two job offers that you are considering. Offer 1: You earn a yearly salary of $47,130 that increases by $3,791 every year. Offer 2: You earn a yearly salary of $47,130 that increases by 2.4% compounded annually. How much money would you make after

Last updated: 7/20/2022

You have two job offers that you are considering. Offer 1: You earn a yearly salary of $47,130 that increases by $3,791 every year. Offer 2: You earn a yearly salary of $47,130 that increases by 2.4% compounded annually. How much money would you make after

You have two job offers that you are considering. Offer 1: You earn a yearly salary of $47,130 that increases by $3,791 every year. Offer 2: You earn a yearly salary of $47,130 that increases by 2.4% compounded annually. How much money would you make after 21 years if you chose the linear payment? Do not include the dollar sign in your answer. Round to the nearest cent.