PROBLEM SITUATION:

You have two job offers. Job 1 has an annual starting salary of $45,650 with the expectation of a $1200 raise each year. Job 2 has an annual starting salary of $42,800 and expectation of a 3.8% annual raise.

Comparison of Cumulative Earnings (Column 1)

t = # of Years Worked (Column 1) C 1 (t )= Cumulative Earnings after t years on Job 1 (Column 2) C 2 (t )= Cumulative Earnings after t years on Job 2 (Column 3) Difference in Cumulative Earnings: (Column 4)

C 1 (t ) C 2 (t )

1 $45,650 $42,800 $2,850

2 $92,500 $87,226

3

4

5

6

7

8 $398,800 $391,570

9 $454,050 $449,249

10$510,500 $509,121

11 $568,150 $571,267 -$3,117

This is Table 3 of a Comparing Salaries Project, I'm stuck on how to insert the amounts in the chart. I solved the first chart's amounts but I'm not sure if I need to use a different equation. How would I solve these amounts?)

(These are the first two charts I completed and filled in. Im currently unsure and stuck on what to do next.)

# Years Annual Salary Successive Differences Successive Ratio

o 45,650

1 46,850 1,200 1.026

2 48,050 1,200 1.026

3 49,250 1,200 1.025

4 50,450 1,200 1.024

5 51,650 1,200 1.024

6 52,850 1,200 1.023

# Years Annual Salary Successive Differences Successive Ratio

o 42,800

1 44,426.40 1626.4 1.038

2 46,114.60 1688.2 1.038

3 47,866.96 1752.36 1.038

4 49,685.90 1819 1.038

5 51,573.96 1888.06 1.038

6 53,533.77 1959.81 1.038