1. She has been offered two choices. The first is a fixed salary of $80,000 per year. The second has ng salary of $70,000 with annual raises of 8% starting in Year 2. (For simplicity, assume that her s paid at the end of the year, just before her annual vacation.) If her interest rate is 10%, which she take?

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A: Calculate the days difference between the dates

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A: Present value can be calculated by using the following formula.

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A: EOYCash Flow1400024500350004550056000665007700087500980001015500

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A:

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A: here by calculating the effective interest we conclude the better opportunity which are as follow-

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Q: 45.

A: Monthly average in 2017 = $71.88 Increase in annual rate (r) = 3% per year n= 2020 - 2017 = 3 years

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