Question

The same salary, with a percent growth due to cost-of-living adjustment compounded yearly, would be $____in five years. (round your response to the nearest dollar.)

Answer 1

The same salary, with a percent growth due to cost-of-living adjustment compounded yearly, would be $ 56755 in five years.

A salary is a money paid monthly by your employer, especially if you are in a profession such as education, law, or medicine. Lawyers were paid huge salaries. The government has decided to raise salaries for all civil servants. Synonyms: Wages, Income, Wages, Fees Synonyms for salary.

Wages are hourly or daily wages for work done on a working day. The main difference between salary and hourly wage is that salary is a fixed payment agreed upon by both employer and employee. Wages, on the other hand, depending on hours worked and performance.

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