An HVAC technician is comparing pension plans for two different job offers. First offer: $58,000 average annual wage, 1.6% per year of service, with a monthly pension payment of $1,546.67 after 20 years of service Second offer: $64,900 average annual wage, 1.3% per year of service The technician plans to work for the same amount of time at each company. What is the difference in monthly pension payments? The first offer pays $150.40 more per month. The second offer pays $150.40 more per month. The first offer pays $140.50 more per month. The second offer pays $140.50 more per month.
An HVAC technician is comparing pension plans for two different job offers. First offer: $58,000 average annual wage, 1.6% per year of service, with a monthly pension payment of $1,546.67 after 20 years of service Second offer: $64,900 average annual wage, 1.3% per year of service The technician plans to work for the same amount of time at each company. What is the difference in monthly pension payments? The first offer pays $150.40 more per month. The second offer pays $150.40 more per month. The first offer pays $140.50 more per month. The second offer pays $140.50 more per month.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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An HVAC technician is comparing pension plans for two different job offers.
First offer: $58,000 average annual wage, 1.6% per year of service, with a monthly pension payment of $1,546.67 after 20 years of service
Second offer: $64,900 average annual wage, 1.3% per year of service
The technician plans to work for the same amount of time at each company. What is the difference in monthly pension payments?
The first offer pays $150.40 more per month.
The second offer pays $150.40 more per month.
The first offer pays $140.50 more per month.
The second offer pays $140.50 more per month.
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