Chat with AI
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 23
AMERICAN RIVER COLLEGE
www.arc.losrios.edu
Facts:
• 1955: Founded
• 2010: About 35,000 students
• 2011: 58% of the students are under 30
• 2011: 50.3% of students are women
American River offers students a choice of more than 70 different majors of study, including biology, engineering, hospitality management, mortuary science, collision repair, business, and even fire technology. College personnel work closely with students to help them find financial aid.
Amazingly, about one-half of the students at American River College receive some kind of financial aid. Roman Rodriguez had 3 years of experience when he went to work in Human Resources at American River College at a salary of $42,000. He began work on his 30th birthday. The college matches his contributions to his retirement plan up to 8% of his salary.
For planning purposes, Rodriguez assumes he will work at American River until he is 60 and believes he can earn 8% per year in a global stock fund. Assume the contributions continue at the same level as in Exercise 1 and estimate the future value.
www.arc.losrios.edu
Facts:
• 1955: Founded
• 2010: About 35,000 students
• 2011: 58% of the students are under 30
• 2011: 50.3% of students are women
American River offers students a choice of more than 70 different majors of study, including biology, engineering, hospitality management, mortuary science, collision repair, business, and even fire technology. College personnel work closely with students to help them find financial aid.
Amazingly, about one-half of the students at American River College receive some kind of financial aid. Roman Rodriguez had 3 years of experience when he went to work in Human Resources at American River College at a salary of $42,000. He began work on his 30th birthday. The college matches his contributions to his retirement plan up to 8% of his salary.
For planning purposes, Rodriguez assumes he will work at American River until he is 60 and believes he can earn 8% per year in a global stock fund. Assume the contributions continue at the same level as in Exercise 1 and estimate the future value.
Explanation
Verified
Verified
Given, the salary is $42,000.
The emplo...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
