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Question 147580: Not too sure if this is a trick question? Please help?
Bob has two jobs offers with starting salary of $100,000 per year and monthly paychecks. The Alanta 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.
1) Which job is the better deal?
2) How much more will Bob have made at the end of 10 years with the better deal?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Bob has two jobs offers with 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.
Income above 100,000: A(x) = 2000x where x is years of employment.
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The Chicago employer will raise his annual salary by $1000 at the end of every six months.
Income above 100,000: C(x) = 1000(2x) = 2000x
1) Which job is the better deal?
The only difference is the Atlanta employer makes an additional $1000 available
6 months earlier than the Chicago employer.
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2) How much more will Bob have made at the end of 10 years with the better deal?
Salary would be the same at the END of 10 years.
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Cheers,
Stan H.
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