Homework answers / question archive / Your starting salary was $58,711After 4 years of work, your salary is $68,243What was your NOMINAL per year average percentage raise?State your answer to 2 decimal places

Your starting salary was $58,711After 4 years of work, your salary is $68,243What was your NOMINAL per year average percentage raise?State your answer to 2 decimal places

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Your starting salary was $58,711After 4 years of work, your salary is $68,243What was your NOMINAL per year average percentage raise?State your answer to 2 decimal places.Do not include the % sign.

For example, 1.57

Question 8 You've just been hired at a new job. You expect to work there for 4 years. Your boss offers you a hiring bonus of either $2,852 today, or an additional $43 per month, starting next month, on your salary.

If your investments earn 3.61% APR (compounded monthly), how much would you gain or lose by taking the cash-bonus today?

If you would lose money, indicate your answer with a negative number.

Question 9 You purchase an antique car today for $58,050

You expect the price of the car to rise by 4% per year for the next 7 years.

What do you expect the price of the car to be in year 7?