Which company is offering a higher salary for the fifth year

Reference no: EM131191701

SALARY COMPARISONS Markeeta, a recent college graduate, received two job offers. Company A offered her an initial salary of $48,800 with guaranteed annual increases of $2000/year for the first 5 yr. Company B offered an initial salary of $50,400 with guaranteed annual increases of $1500/year for the first 5 yr.

a. Which company is offering a higher salary for the fifth year of employment?

b. Which company is offering more money for the first 5 yr of employment?

Reference no: EM131191701

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