Total amount of additional earnings
Course:- Business Economics
Reference No.:- EM132281375

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Economics

Jenny Franklin estimates that as a result of completing her master's degree, she will earn $7000 a year more for the next 40 years.

a) What would be the total amount of these additional earnings?

b) What would be the future value of these additional earnings based on an annual interest rate of 6%. (Round time value factor to 3 decimal places and final answer to the nearest whole number.)

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
In matters involved with Domestic Policy-making (Chpt. 15), Bardes & Shelley go into great detail on the interplay between tax policy, fiscal policy, and monetary policy matte
A June 10,1996, Wall Street Journal article titled “Americans Eat Up Vitamin E Supplies” discusses the shortage that existed for vitamin E at this time. According to the artic
How many cases of Robert Mondavi Private Select were sold each year from 2005-2008? a. Construct a table showing the total number of cases sold each year. b. Construct a bar g
What would happen to GDP if the government hired unemployed workers, who had been amount $TR ain unemployment benefits, as government employees and now paid them $TR to do not
How many homes should be built in a new residential area. The firm has some monopoly power in its local market. Its demand is estimated to be Q = 10 - 1/6 P. What is the reven
Giving reasons state whether the following statements are true or false: Elasticity of supply is equal to one only if supply curve forms an angle of 45 degrees at the origin.
Consider our basic resource formula: St+1 = St − Qt + ?S. Suppose that we are interested in ethanol produced from corn. How should we define the variables in the formula for a
A firm has $2,100,000 in sales, a Lerner index of 0.6, and a marginal cost of $45, and competes against 800 other firms in its relevant market. What price does this firm charg