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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 89
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.
Based on the annual payroll in Exercise 3, estimate the annual contributions American River must make into retirement plans if all faculty contribute at least 8% of their salary into their own plans.
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.
Based on the annual payroll in Exercise 3, estimate the annual contributions American River must make into retirement plans if all faculty contribute at least 8% of their salary into their own plans.
Explanation
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Given, there are 422 full-time faculty a...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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