SOLUTION: Bob has two jobs offers with a starting salary of $100,000 per year and monthly paychecks. The Atlanta employer will raise his annual salary by $2000 at the end of every year, whil
Algebra.Com
Question 410405: Bob has two jobs offers with a starting salary of $100,000 per year and monthly paychecks. The Atlanta employer will raise his annual salary by $2000 at the end of every year, while the Chicago employer will raise his annual salary by $1000 at the end of every six months.
a) Which job is the better deal?
b) How much more will Bob have made at the end of 10 years with the better deal?
Found 2 solutions by scott8148, TimmyT:
Answer by scott8148(6628) (Show Source): You can put this solution on YOUR website!
a) Chicago
b) during the second half (6 months) of every year , Bob will be making $1,000 (per year) more in Chicago
___ that's $500 (for half a year) more for 10 years , or $5,000
Answer by TimmyT(1) (Show Source): You can put this solution on YOUR website!
a)well it seems that they will be raised to the same amount at the end of each year but the Chicago employer increases it every six months so that adds $1000 before the end of the year therefore the better deal is the Chicago employer.
b)im not completely sure on this but Chicago gets $1000 6 months earlier and it still gets $1000 at the end of the year so the Chicago employer pays about $5000 dollars more but i would double check because I'm not entirely sure
RELATED QUESTIONS
.Bob has two job offers with a starting salary of $100,000 per year and monthly... (answered by lynnlo)
Not too sure if this is a trick question? Please help?
Bob has two jobs offers with... (answered by stanbon)
You are considering two jobs offers. Company A will start you at $ 120,000 annually and... (answered by Boreal)
Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of... (answered by richwmiller)
A company offers a starting yearly salary of $30,000 with raises of $2,000 per year.... (answered by JBarnum)
Janine has job offers at two companies. One company offers a starting salary of $28,000... (answered by richwmiller)
Lynn has a starting salary of $30,000 per year. Her company offers her a raise of 5% each (answered by richwmiller)
Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of... (answered by stanbon)
A company offers a starting yearly salary of $ 33,000 with a raise of $ 2.500 per year.... (answered by ewatrrr)