In 2012 the median annual earnings of a person with 4 yr of college was $46,900. This
Question:
In 2012 the median annual earnings of a person with 4 yr of college was $46,900. This amount is expected to increase by about $813 per year. How much will a person earning the median amount earn until retirement if he or she joins the work force at age 22 and works until age 66?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
A person who starts working at age 18 and works until age 66 will work for 48 years We are se...View the full answer
Answered By
Douglas Makokha
Unlock Academic Success with Dedicated Tutoring and Expert Writing Support!
Are you ready to excel in your academics? Look no further! As a passionate tutor, I believe that dedication and hard work are the keys to achieving outstanding results. When it comes to academics, I strive to provide nothing but the best for every student I encounter.
With a relentless thirst for knowledge, I have extensively researched numerous subjects and topics, equipping myself with a treasure trove of answers to tackle any question that comes my way. With four years of invaluable experience, I have mastered the art of unraveling even the most intricate problems. Collaborating with esteemed writers has granted me exclusive access to the trade secrets utilized by the industry's top professionals.
Allow me the pleasure of assisting you with your writing assignments. I thrive on challenges and will guide you through any obstacles you may face. Together, we will unlock your academic potential and pave the way for your success.
4.90+
62+ Reviews
349+ Question Solved
Related Book For
College Algebra
ISBN: 978-0134697024
12th edition
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Question Posted:
Students also viewed these Mathematics questions
-
Solve the problem. In 2012 the median annual earnings of a high school graduate with no college attendance was $30,000. This amount is expected to increase by about $268 per year. How much will a...
-
Refer to Exercises 61 and 62. How much more will a person with 4 yr of college who earns the median amount make during his or her career than a person with no college attendance who earns the median...
-
Nine football teams are competing for first-, second-, and third-place titles in a statewide tournament. In how many ways can the winners be determined?
-
Describe the flow of costs through the T-accounts in a job order cost system.
-
Nationwide Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $27,000 to help organize the corporation. Nationwide Publishing also...
-
A software developer is using a microphone and a sound editing app to collect and edit sounds for his new game. When collecting sounds, the software developer can decide on the sampling resolution he...
-
Would you agree that computerized corporate planning models were a fad during the 1990s but that because of a need for flexibility in corporate planning, they are no longer used by most firms?...
-
BatCo makes metal baseball bats. Each bat requires 1 kg. of aluminum at $ 18 per kg. and 0.25 direct labor hours at $ 20 per hour. Overhead is assigned at the rate of $ 40 per labor hour. What...
-
On January 1, 2020, Wildhorse Wholesalers Inc. adopted the dollar-value LIFO inventory method for income tax and external financial reporting purposes. However, Wildhorse continued to use the FIFO...
-
Consider the following 0x86 program: .data array DWORD 1,2,3,4,5,6,7,8,9 aravSize -(S-array)/4 ; array .code main PROC mov ecx,arraySize-1 mov esi.OFFSET array L1: mov eax. [esi] sda mov bx,2 idiv bx...
-
Evaluate the expression. 10 9!
-
Two people are planning their wedding. They can select from 2 different chapels, 4 soloists, 3 organists, and 2 ministers. How many different wedding arrangements are possible?
-
1. Do you think the fact that an attorney was consulted before the acceptance of the offer is relevant in this case to determine whether the waiver was knowing and voluntary? 2. As an employer, what...
-
Listed below are pulse rates (beats per minute) from samples of adult males and females. Does there appear to be a difference? Find the coefficient of variation for each of the two samples; then...
-
When the price of an item goes down, people buy more of it because at a lower price Options: -some new people may be willing to enter the market. -the item is more valuable. -the marginal cost is...
-
2. Find the sum of the following sequences (3 points) a) 1, 2, 3, 4, 5, 150 ... b) 1, 3, 5, 7, 9, ..., 99 c) -4, 1, 6, 11, 16, 21, . 201 ...
-
Solving for Rates What annual rate of return is implied on a $2,600 loan taken next year when $6,300 must be repaid in year 12?
-
Significant Values. In Exercises 9-12, use the range rule of thumb to identify (a) the values that are significantly low, (b) the values that are significantly high, and (c) the values that are...
-
Solve the following proportions for the unknown quantities (maintain three-figure accuracy in problems where rounding is needed). 1.56 : h = 56.2 : 31.7
-
3.16. For a system with non-identical service rates (see Sect. 3.5) and a limit of N jobs in the system (Eq. 3.13), obtain an expression for the mean service time per job, E[Ts], as a function of the...
-
The first five terms of a geometric sequence are given. Find (a) Numerical, (b) Graphical, and (c) Symbolic representations of the sequence. Include at least eight terms for the graphical and...
-
Use Pascal's triangle to help expand the expression. (2-x)
-
Use a formula to find the sum of the finite geometric series. 1+2+4+ 8 + 16 + 32 +64 + 128
-
A government bond matures in 30 years, makes semi-annual coupon payments of 6.0% ($120 per year) and offers a yield of 3.7% annually compounded. Assume face value is $1,000. Three years later the...
-
Your objective is: 1. Carry out a life insurance needs analysis, for each one of them (show your calculations) [30 Marks] 2. Refer to the case and the insurance plan quotes. Would you recommend...
-
TufStuff, Incorporated, sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company s products is a heavy - duty corrosion - resistant...
Study smarter with the SolutionInn App