Question

Solve the problem. A football player signs a contract with a starting salary of $890,000 per year and an annual increase of 4.5% beginning in the second year. What will the athlete's salary be, to the nearest dollar, in the eighth year?

Answer 1

A) $1,211,167
B) $1,213,607
C) $1,209,823
D) $1,211,985

Answer 2

one sec

Answer 3

Thank you so much!!

Answer 4

ok second year is 930050

Answer 5

then the 3rd year is 971902.25

Answer 6

then the fith year is 5345462.375

Answer 7

You've already gone way over the answer choices. You're at five million

Answer 8

Hmm opps your wright

Answer 9

I have tried to figure it out but I always end up with a number that isn't even close to one of the choices.

Answer 10

When in doubt, I pick D.

Answer 11

$890,000 * 4.5% 8 times is what I was going to do but I think thats what you were doing to

Answer 12

Is there a reason you would pick D? Its just that my teacher won't accept an answer unless we write out how we got there.

Answer 13

Oh, that sucks. I'd just pick D because that's what I pick when I have no idea what else to do.

Answer 14

I figured haha :) I usually go with c.

Answer 15

Hey that what I was about to say

Answer 16

:)

Answer 17

Lol well thank you both for trying I really appreciate it :)

Answer 18

No I mean the answer is C

Answer 19

oh really?

Answer 20

I got 1,210,400 so yea

Answer 21

C is closest

Answer 22

Can you tell me how you did it?

Answer 23

I just did 890000 * 4.5%
and got 40050 then did 40050 * 8 and got 320400
and then 890000 + 320400 = 1,210,400

Answer 24

and c is closest to 1,210,400 so it has to be wright

Answer 25

@Jessica724 are you there

Answer 26

Yes sorry I was just trying it out :) thank you sooo much!!

Answer 27

I've been trying to figure it out for forever and it's due tomorrow so I really appreciate this.

Answer 28

Thanks for the great question.

Answer 29

And yea it sucks to work on the same problem for hours and hours. It hapens to me all the time

Answer 30

Don't i know it :P

Answer 31

Um how long has this question been on cause I just got on and saw it get bumped up.

Answer 32

For about thirty minutes.

Answer 33

Hmm next time just say will fan and give a meadle to however ansers my question.

Answer 34

to give medle just click the best respones on the persons coment bar and for fanning just let your mose hover over the persons pic and click become fan

Answer 35

if you don't already now that

Answer 36

Awesome thanks! and sorry did you say you multiplied 890000 by 4.5?
I literally just joined this site so i didn't :) i know now though so thanks

Answer 37

sorry my screen isn't the greatest

Answer 38

I said 890000 * 4.5% and just so you know I didn't get my question answered for 8 minutes then when I said that people started answering almost instantly:)

Answer 39

And I just joned today to

Answer 40

there I just gave you some pionts so so now your at 16 :)

Answer 41

oh wow thats so silly! why can't people just help if they know how to. if i knew how to do something i would just help lol

Answer 42

:)

Answer 43

bye

Answer 44

Bye