document.write( "Question 1070080: Please help!\r
\n" );
document.write( "\n" );
document.write( "Problem:\r
\n" );
document.write( "\n" );
document.write( "I want to be earning an annual salary of $100,00 when I retire in 15 years. I have been offered a job that guarantees an annual salary increase of %4 per year, and the starting salary is negotiable. What salary should I request in order to meet my goal?\r
\n" );
document.write( "\n" );
document.write( "Thank you so much! \n" );
document.write( "
Algebra.Com's Answer #685188 by addingup(3677)![]() ![]() You can put this solution on YOUR website! Current salary: x \n" ); document.write( "Annual increases: 4% \n" ); document.write( "In 15 years: 100,000 \n" ); document.write( "----------------------------- \n" ); document.write( "x = 100,000/(1+.04)^15 = 55,526.45 \n" ); document.write( " |