A contract specifies that Marlyn Peters will receive a 5% pay increase each year for the next 30 years. She is paid $120 000 the first year. What is her total lifetime salary over a 30-year period?
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भाई इसका आंसर में दे तो दूंगा पर ये मैथ का समय है नाभाई इसका एग्जांपल दे सकता हूं तुम क्या
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Answer:
Given:
a=$120,000
r= 1.05
n=30 yrs
formula
Sn = a1(1-r power of n)/ (1-r)
Ans.7,972,661.70
from kuya dale
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