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nadya68 [22]
3 years ago
6

Cameron is choosing a career out of high school with no further training. The median salary for this career is $30,000. His frie

nd Mateo is choosing a career that requires a college degree but has a median salary of $55,000. Over 20 years, what will be the difference between their incomes?
Business
1 answer:
marysya [2.9K]3 years ago
8 0

The difference in income between Cameron and Mateo is <u>$500,000</u>.

<u>Explanation</u>:

Cameron decided to start his career directly out of the high school with no further training. He was able to make an average of $30,000 in his career.

Mateo was a best friend of Cameron. He started his career after completing his college degree. He was able to make an average $55,000 for a year.

Both of them had huge difference in their salary. After 20 years, the difference between the income of Cameron and Mateo will be $500,000.

Difference in income after 20 years= (55000-30000)*20

                                                       = (25000)*20

                                                       = 500,000

Therefore, the difference in income between Cameron and Mateo is <u>$500,000</u>.

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