Job A offers you the following financial package: base salary of $35,000, 2 weeks paid vacation, full coverage health insurance
1 answer:
Answer:
The first one offers the best financial advantage
Explanation:
After reading carefully both offers, the first one does not imply any charges on the employee because both, health insurance and vacations, are full covered. On the other hand, when we analyze the second offer, despite the base salary is $5000 higher, the health insurance is deducted from the employee's pay check. Comparing both offers with numbers we have:
Finally, we can conclude that the first offer has a $720 advantage over the second one. Therefore, it is better to choose it.
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Answer:
$1,213,657.685
Explanation:
For computation of compounded future value first we need to find out the present worth which is shown below:-
= $88,172.32636
Now, Future value = Present worth × (1 + interest rate)^number of years
= $88,172.32636 × (1 + 6%)^45
= $1,213,657.685
Therefore we have applied the above formula to determine the future value.