SOLUTION: Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of $2000 each year. The second offers a starting salary of $27,000 and raises of 8% each year

SOLUTION: Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of $2000 each year. The second offers a starting salary of $27,000 and raises of 8% each year

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Question 281218: Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of $2000 each year. The second offers a starting salary of $27,000 and raises of 8% each year. At the end of ten years, what would your yearly salary be from the first job and the second job?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
y=30K+2k*t
k=1000
t=10
y=50000
y=27k*1.08^t
t=10
y=58291

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