SOLUTION: suppose you are offered two identical jobs: one paying a starting salary of $40,000 with yearly raises of $2000 and one paying a starting salary of $36,000 with yearly raises of $2

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Question 1022025: suppose you are offered two identical jobs: one paying a starting salary of $40,000 with yearly raises of $2000 and one paying a starting salary of $36,000 with yearly raises of $2500. Which job will pay more money over a 10-year period?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +p+ = pay over a 10 yr period
1st job:
+p+=+40000+%2B+2000%2A10+
2nd job:
+p+=+36000+%2B+2500%2A10+
-------------------------
1st job:
+p+=+40000+%2B+20000+
+p+=+60000+
2nd job:
+p+=+36000+%2B+25000+
+p+=+61000+
---------------
+61000+-+60000+=+1000+
The 2nd job pays $1,000 more than the
1st job over a 10 yr period