Ok......... so ignore the pay part, that is not his pay but the 8% comission inclusive of the tax
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Decrease rate (d)= 7%
Number of periods (n)= 7 years
Current population (PV)= 48,000
<u>First, to calculate the future value, we need to use the following decrease exponential formula:</u>
<u />
FV= PV*[(1+d)^-n]
<u>After 7 years:</u>
FV= 48,000*(1.07^-7)
FV= 29,892
it should be rounded to 30.1
Answer:
-8 and 3
Step-by-step explanation: