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Author Question: Lee Johnston works as a waitress. Last year she earned 28,500 in salary, 9,800 in tips, and 2,500 ... (Read 332 times)

SAVANNAHHOOPER23

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on: Jun 24, 2018
Lee Johnston works as a waitress. Last year she earned 28,500 in salary, 9,800 in tips, and 2,500 catering on weekends. Compute her gross income.

Question 2

John Lopez, a manager, will retire in 10 years. John invests 12,00 . every year into a fund that promises to return 8 compounded annually. Compute the total amount that he will have at the end of 10 years. Use Tables 23-1A and 23-1B or a calculator.


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Jane

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Reply #1 on: Jun 24, 2018
Answer to Question 1

40,800

Answer to Question 2

12,00 .  14.48656 = 173,838.72 future value


SAVANNAHHOOPER23

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

bdobbins

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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