Your job paid you $20,000 your first year. You are now given the choice of either earning an additional $425.00 each year you

Question

Your job paid you $20,000 your first year. You are now given the choice of either earning an additional $425.00 each year you work (option 1) or 2% of your current salary (option 2). Your plan is to stay with this job for 5 more years. Which option do you choose? Make sure to include units and round to the nearest hundredth. 
Option 1 Amount: 
Option 2 Amount: 
Which option is better? (Type Option 1 or Option 2.)

Kunduz · Accepted Answer

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