Income increases at an average annual rate, Macroeconomics

Upon taking his first job at college your Dad earns an annual salary of $38,000 and set a goal to earn $10000 per year. If his salary increases at an average annual rate of 12% how long did it take to reach his goal?

A. 8.54
B. 26.31
C. He has not earned $100,000 in a single year
D. 2.63

Posted Date: 2/4/2014 11:34:34 PM | Location : United States







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