QUICK MATH PROBLEM. HELP?

Science & Mathematics by Anonymous 2018-07-09 16:34:11

Social Science

4 answers

Mario was offered a job at company A with a starting salary of $25,000, and an increase of $1,000 annually. On the other hand, company B offers him a starting salary of $24,000, and an increase of $1200 annually. Which company offers a better deal?

Anonymous

Say Mario goes with A. $25,000 + $1000 = $26,000 $26,000 × 5 years = $130,000. Plan B $24,000 + $1200 = $25,200 × 5 years = $126,000. Plan A > Plan B Plan A is better.
Anonymous

It depends on how long you plan to stay in the job....less than 10 years....A Over 10 years....B. Exactly 10 yesrs....the same.
Anonymous

Depends on how long he will work there. After 1 year, Company A is a better deal. After 6 years, Company B becomes the better deal.
Anonymous

A provides more money, sooner. A dollar today is worth more than a dollar tomorrow.