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3 years ago

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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. What is the yearly value of the compensation package?

2 answers:

vesna_86 [32]3 years ago

6 0

350 monthly
45 monthly
Equals
395×12=4740+65000=69740

pshichka [43]3 years ago

4 0

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

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