SOLUTION: You are considering two jobs offers. Company A will start you at $ 120,000 annually and guarantee a raise of $ 24,000 per year. Company B will start you at a higher salary. $ 168,0

Question 1187467: You are considering two jobs offers. Company A will start you at $ 120,000 annually and guarantee a raise of $ 24,000 per year. Company B will start you at a higher salary. $ 168,000 annually, but will only guarantee a raise of $ 12,000 per year. Find the total salary that each company will pay you over ten-year period. Which company pays the greater total amount? Graph the data.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
total salary is finding the sum of an arithmetic series where S=(n/2)(2a+(n-1)d)), a is $120000 for A and d is $24000. Sum is (5)(240000+(9*24000))=$2,280,000 .
there is always brute force
year 1=120000 (120 thousands)
144
168
192
216
240
264
288
312
336
=$2280 thousands
y=120000+24000x or 120+24x for ease of graphing
the seance is a=168, n=10, d=12 for S=(5)(336+9*12))=$2220
Company A pays more.
y=168+12x

Can look at intersection point at what seems to be x=4
set the two equal so 120+24x=168+12x
12x=48
x=4 years. This is often asked for but not in this problem.

RELATED QUESTIONS
You are considering two job offers. Company A will start you at $27,000 per year and... (answered by solver91311)

During this time of pandemic, many lending institutions offer a loan package to wage... (answered by Boreal)

I need some help with this question please. I would appreciate some hints. Thank you. (answered by vleith)

3. Pharmos Incorporated is a Pharmaceutical Company which is considering investing in a... (answered by ikleyn)

(1 pt) You are offered two different sales jobs. The first company offers a straight... (answered by checkley77)

You are offered two different sales jobs. The first company offers a straight commission... (answered by TimothyLamb)

You are offered two different sales jobs. The first company offers a straight commission... (answered by richwmiller)

You are offered two different sales jobs. The first company offers a straight commission... (answered by rfer)

You are offered two different sales jobs. The first company offers a straight commission... (answered by MathLover1)