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

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
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