Before answering these questions, we need to write out both equations.
For Job 'A', his salary would be: 55,000 + 2,500n
This assumes 'n' equals the number of years Lenny spends at these companies.
For Job 'B', his salary would be: 62,000 + 2,000n
A.
So basically we need to find a number were:
55,000 + 2,500n = 62,000 + 2,000n
is true. So basically solve ^that^ equasion.
55,000 + 2,500n = 62,000 + 2,000n
simplify
500n = 7,000
devide
n = 14
Fourteen years is your answer.
B.
a. 55,000 + 2,500n
b. 62,000 + 2,000n
So in order to answer this question, you basically just have to replace 'n' with the number '20', and see which one's bigger.
a.
55,000 + 2,500(20)
55,000 + 50,000
105,000
b.
62,000 + 2,000(20)
62,000 + 40,000
102,000
105,000 > 102,000
So your answer is:
Lenny should go to company 'a' because 105,000 is greater than 102,000.
[[tip: If you want to wow, surprise, or confuse your teacher (depending on her actual intelligence) write something like, 'another reason Lenny should choose company 'a' is because it gives higher annual raises, which is better in long-term.' He/She may not get it though, lol, wrong class.]]
Anyway, I hope this helped! :D
Jill will make less money if they work for 4 hours
Answer:
a. Present value of a lump sum =
PV = FV / ( 1 + i )ⁿ
b. Present value of an annuity =
P = PMT x ((1 – (1 / (1 + r)⁻ⁿ )) / r)
Step-by-step explanation:
a. Present Value of a Lump sum =
PV = FV / ( 1 + i )ⁿ
Where variables in the formula are explained as follows
PV = Present Value of the given amount today
FV = Future Value of the given amount
i = Discount rate
n = Number of periods
b. Present value of an annuity is given as:
P = PMT x ((1 – (1 / (1 + r)⁻ⁿ)) / r)
The variables in the equation are explained as the follows:
P = the present value of annuity
PMT = Payment per period or the amount in each annuity payment
r = the interest or discount rate
n = total number of periods or the number of payments left to receive
The expected enrolment in 7 years is 1845.
<h3>What is the expected enrolment?
</h3>
The formula for calculating future value of the number of students is an exponential equation with this form:
FV = P (1 + r) ^n
- FV = Future population
- P = Present population
- R = rate of growth of the population
- N = number of years
1500 x (1.03)^7 = 1845
To learn more about future value, please check: brainly.com/question/18760477
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Answer:
She goes from 4 to -4 west which is 8 blocks west
Then she goes south from +2 to -2 on the y axis which is 4 blocks south
