BUSINESS HIGH SCHOOL

Today, Jennifer earns $50000 at her first job. Her mom used to make $15,000 at her first job in 1975. Jennifer is of the opinion that she makes more than her mom would have made if she started working today. Her mom thinks Jennifer would have earned less than she if Jennifer had started working in 1975. If the CPI today is 231 and the CPI in 1975 was 82, then

Answers

Answer 1
Answer:

Answer:

Jennifer made more money than her mother.  

Explanation:

Today, Jennifer earns $50000 at her first job.  

Her mom used to make $15,000 at her first job in 1975.

The CPI today is 231 and the CPI in 1975 was 82.  

Purchasing power of Jennifer's mother currently  

= (15,000)/(82)\ *\ 231

= $42,256

Jennifer's purchasing power in 1975

= (50,000)/(231)\ *\ 82

= $17,748

Jennifer is currently making more than what her mother could have made if she started working today. Also, she would have earned more than her mother if she had started working in 1975.

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Answers

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Answers

Answer:

 P=R(1-(1+i)^-n/i)            

Explanation:

Where P=8,470

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Answer:

Since the interest varies every month, it will be too long to write down how much she will save, but on the attached spreadsheet you can find the amount saved during the first 54 months.  

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Explanation:

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Answers

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Answers

Explanation:

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Answers

Answer:

The correct answer is b. warehousing.  

Explanation:

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Answers

Answer:

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Explanation:

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