A company has offered to pay you $98,250 for your first year there and then give you a 1.7% raise every year after that. How much will you make in total for all the years you work there for 38 years?(this is for all the years, not just the last one)

Q: A person earns ​$16,700 one year and gets a​ 5% raise in salary. What is the new​ salary?

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Q: Mr. oniel borrows $750 for 4 months at 6% interest how much interest does he pay.

A: Given,            Mr. oniel borrows $750 for 4 months at 6% interest.To find : How much interest…

Q: Kathy started a new job, and her salary for the first year is $52,490. If her salary increases by 4%…

A: Salary for the first year is : Salary increase at a rate of  each year

Q: Suppose you save $5 each week. If you continue saving for 5 years, how much will you have saved

A: Since we know that  normally there are 52 weeks in a year. so in 5 years = 52*5…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

Q: Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at…

A: Given that gross earning is $38,300 To find the withholding for the social security, apply the rates…

Q: You know you will have $1,000,000 in your account when you retire. You want to be able to take…

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Q: Suppose you spend $12 a week on snacks. If you donate half that amount to a charity, how much will…

A: Given that, you spend $12 a week on snacks.

Q: Suppose you spent $800 on clothing in the past six months. Suppose you save this same 20% each year…

A: Given that, The total cost of clothing is $800. Now, saving 20% of $800 in a year is, 20100×800=$160

Q: A laptop computer is purchased for $1100. After each year, the resale value decreases by 30%. What…

A: We have to find the resale value of the laptop after 3 years.

Q: You promise your niece that you will give her $2 on her first birthday and double that amount every…

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Q: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 5% interest. how…

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Q: Suppose you decide to give up your weekly trip to Amy’s ice cream and instead deposit the $12 you…

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Q: Assume that a car loses 10% of the value it had at the beginning of the year. Find its value at the…

A: Given the initial value of the car at the start of the year is $30,000. The car loses 10% of the…

Q: Jamie wants a new smart/TV sound system that cost $1,250. He does not have that much in cash to…

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Q: Suppose you save $5 each week. At the end of one year, how much money will you have saved?

A: Given : you save $5 each week Total week in one year =52

Q: After retiring, you want to be able to take $1000 a month for a total of 15 years from your…

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Q: Suppose you have a choice between receiving $5,000 today or $10,000 in five years. You believe you…

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Q: Find last year’s salary if, after a 4% pay raise, this year’s salary is $44,200.

A: salary in this year = last year salary + increment salary . Increment salary = pay raise * last year…