Question
1. Your starting salary was $58,905 After 6 years of work, your salary is $67,962 What was your NOMINAL per year average percentage raise? State
1. Your starting salary was $58,905 After 6 years of work, your salary is $67,962
What was your NOMINAL per year average percentage raise?
State your answer to 2 decimal places.
Do not include the % sign.
For example, 1.57
2.
You've just been hired at a new job. You expect to work there for 3 years. Your boss offers you a hiring bonus of either $3,722 today, or an additional $26 per month, starting next month, on your salary.
If your investments earn 4.91% APR (compounded monthly), how much would you gain or lose by taking the cash-bonus today?
If you would lose money, indicate your answer with a negative number.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
