Suppose Mr. Nicholson plans on working for his new employer for at least 9 years. Use each of the recursive models to determine Mr. Nicholson’s potential annual salary as a nine-year veteran with the company. In your final answer, include all of the necessary calculations.

a 60000,63500,67000,70500,74000,77500,81000,84500,88000
b 60000,63000,66150,69457,72930,76576,80405,84426,88647

Question

Suppose Mr. Nicholson plans on working for his new employer for at least 9 years. Use each of the recursive models to determine Mr. Nicholson’s potential annual salary as a nine-year veteran with the company. In your final answer, include all of the necessary calculations.

a 60000,63500,67000,70500,74000,77500,81000,84500,88000
b 60000,63000,66150,69457,72930,76576,80405,84426,88647

BenLindquist · Answer

@satellite73

satellite73 · Answer

is that all the info there is?

BenLindquist · Answer

@satellite73 yes

satellite73 · Answer

first one is a flat increase of $3500 per year

satellite73 · Answer

not sure what the second one is

satellite73 · Answer

oh yes i am

satellite73 · Answer

second one is a raise of $5\%$ per year, probably more realistic

BenLindquist · Answer

so would there be any work to show