Find the future value of an annuity due of $7,000 paid at the beginning of each 6-month period for 8 years if the interest rate
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Answer:
The Jonathon and Raymond need to sell 6000 sales to earn the same amount each month.
Step-by-step explanation:
Given data
Let no. of sales = x
Jonathon earning = $ 1500 +
Raymond earning = $ 1200 +
Given that the earnings of Jonathon & Raymond are same.
1500 + = 1200 +
300 =
x = 6000 sales
Therefore the Jonathon and Raymond need to sell 6000 sales to earn the same amount each month.