Answer:
yearly compensation package=$69,740
Step-by-step explanation:
A college professor's compensation package includes the total cost of a $350-per-month health insurance plan, the total cost of a $45-per-month life insurance plan, and a salary of $65,000 per year
Cost of health plan for 1 month = 350
Cost of health insurance plan for 12 months = 350*12= 4200 for 1 year
Cost of life insurance plan for 1 month = 45
Cost of life insurance plan for 12 months = 45*12= 540 for 1 year
yearly compensation package = salary + health insurance cost + life insurance cost
yearly compensation package= 65000 + 4200 + 540 = 69740
