A registered nurse makes $14.00 per hour. Next month, she will receive a 3% increase in her hourly rate. What will her new hourly rate be? Give typing answer with explanation and conclusion
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A registered nurse makes $14.00 per hour. Next month, she will receive a 3% increase in her hourly rate. What will her new hourly rate be?
Give typing answer with explanation and conclusion
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- You are offered a job that pays $37,000 during the first year with an annual increase of 9% per year beginning in the second year. That is, beginning in year 2, your salary will be 1.09 times what it was in the previous year. What can you expect to earn in your fourth year on the job? Round your answer to the nearest dollar.I want answer with explanation... I'll upvote you... I want typed answer only... Question) SALARY Ms. Acosta received a job as a teacher with a starting salary of $34,000. According to her contract, she will receive a 1.5% increase in her salary every year. How much will Ms. Acosta earn in 7 years?Ms. Adams has received a job offer as an administrative assistant. Her base salary will be $50,000. She will receive her first annual salary payment one year from the day she begins to work. In addition, she will get an immediate $10,000 bonus for joining the company. Her salary will grow at 4 percent each year and each year she will receive a bonus equal to 10% of her salary. Ms. Adams is expected to work for 30 years. What is the present value of the offer if the appropriate discount rate is 10% (EAR)?
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- Rean gets a job with a starting monthly salary of 20,000.She is promised by her employer to receive a monthly increases od 1,725 each year. How much will her annual salary be after 10 yearsSuppose you have a job that pays you $15,000 a year. You receive a credit application in the mail stating that you have been pre-approved for $3,000 in credit, but that you must make at least $18,000 a year to receive the card. What should you do?Jane started to work this August. Since she received her first salary at the beginning of August, she has been deposited $1,500 in a special account. She will insist doing so once she receives her salary. She is paid every 2 weeks (half month). The interest rate is 4.1%. She plans to a buy a three-bedroom house in this city, which is about $600,000. The down payment is 20% of the house price. Please estimate for her how many years later the balance in this saving account is enough to pay the down payment of the new house. Group of answer choices 74.35 years 3.12 years 3.15 years 75.2years
- You loan a friend $200 and are repaid $30 at the end of each month for the first 3 months and $120 at the end of the fourth month. What is your rate of return?Please respond to the following scenarios as part of the Week 1: Calculating the Time Value of Money assignment. Scenario 1 Assume you will retire at 67. You decide to open a retirement account that earns 8% interest. You will put $125 per month into this account starting now (at your current age). How much money will you have in this account when you retire? Scenario 2 Assume you will retire at 67. You decide to open a retirement account that earns 8% interest. You put $125 per month into this account starting now (at your current age), for a 10-year period. After that, you stop contributing to this account, and the account continues to earn 8% interest. How much money will you have at age 67? Scenario 3 Assume you do not start saving now, but wait for 10 years. You will retire at 67, and earn 8% on your monthly deposits of $150. How much will you have at 67? Scenario 4 Assume you will retire at 67. You decide to open a retirement account that earns 8% interest. You will put $325 per…Jim and Joan Miller are borrowing $120,000 at 6.5% per annum compounded monthly for 30 years to purchase a home. Their monthly payment is determined to be $758.48. Performance Task You need to present Jim and Joan with a report detailing the following: A recursive formula for their balance after each monthly payment has been made. A determination of Jim and Joan's balance after the first payment. Use a spreadsheet or graphing utility to create a table showing their balance after each monthly payment. Determine when the balance will be below $75,000. Determine when the balance will be paid off. Determine the interest expense when the loan is paid.
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