When Sharon graduates from college, she accepts a job that pays $30,000 for the first year with a promise of


When Sharon graduates from college, she accepts a job that pays $30,000 for the first year with a promise of a 10% raise at the beginning of each of the next 9 years. Samantha graduates the same year and accepts a job which pays $40,000 the first year with a raise of $1,000 at the beginning of the next 9 years. In which year will Sharon’s annual salary first exceed Samantha’s?


Leave a Reply

Your email address will not be published.