The same salary, with a percent growth due to cost-of-living adjustment compounded yearly, would be <u>$ 56755</u> in five years.
A salary is a money paid monthly by your employer, especially if you are in a profession such as education, law, or medicine. Lawyers were paid huge salaries. The government has decided to raise salaries for all civil servants. Synonyms: Wages, Income, Wages, Fees Synonyms for salary.
Wages are hourly or daily wages for work done on a working day. The main difference between salary and hourly wage is that salary is a fixed payment agreed upon by both employer and employee. Wages, on the other hand, depending on hours worked and performance.
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Answer:
$ 7000
Explanation:
Given data;
Weekly salary of the salesperson = $ 600
Commission earned = 1 % on the sales over $ 2000
The amount earned by the salesman in the week = $ 650
Thus, the commission received = $ 650 - $ 600 = $ 50
Now,
let the amount over $ 2000 for which the commission of $ 50 paid be 'x'
therefore,
1 % of x = $ 50
or
0.01x = $ 50
or
x = $ 5000
Hence, the total sales was of $ 2000 + $ 5000 = $ 7000
Answer:
The offer should be accepted
Explanation:
It is known that the amount $100,000 will be paid to someone when he turns 26 years. The current age is 21 years.
the 5-years bond is given 3.1 percent of interest rate.
another option for the person is offered $103,021.02 right away which is the present value.
The present value of the $100,000 that is going to be received after 5 years is calculated as follows;
Present value = Amount to be received /(1+interest rate/100)^t
= 100,000/(1+ 3.1/100)⁵
= 100,000/ 1.031⁵
= $85,843.35
Therefore, the present value is $85,843.35 for the amount $100,000 to be receive after five years.
Since the amount $103,012.02 he was offered is greater than the present value of his inheritance after 5-years, the person should accept the offer and forget about the inheritance of $100,000.
Answer:
1003
Explanation:
Given:
Period= 30 years, Loan amount= $200,000,
Payments- Monthly,
Teaser rate for first 2 years = 4%,
Annual payment cap=5%, Composite rate on reset date= 6%
Annual rate for 2 years =4%
Monthly rate will be 4/12 = 0.3333% = 0.003333
n=30years=360 months
Monthly payment for first 2 years = 
= 
= 954.83
or by Excel function = PMT(0.003333,360,200000,0) = 954.83
Loan balance after 2 years = PV(0.003333,336,-954.83,0) = 192,812.36 or
Balance=
=
= 192,812.36
Composite rate is 6% but payment is capped at 5%. So new payment from year 3 is 954.83×1.05=1002.57=1003
Answer:
c. ribbon
Explanation:
Ribbons are command bars or toolbars which organize features of a program into series of tabs at the top of a window. Ribbons appear across the top of each page and display many of the most commonly-used tools, controls, and commands. Ribbons increase discoverability of features and functions of the programs.
