Question

The average starting salary for a business school graduate is $44,500.00. With an average salary growth...

The average starting salary for a business school graduate is $44,500.00. With an average salary growth of 3.00% per year, how much will the graduate earn in salary 37.00 years from today?

Answer Format: Currency: Round to: 2 decimal places.

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
The average starting salary for a business school graduate is $44,500.00. With an average salary growth...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • According to a National Association of Colleges and Employers, the average starting salary for new college...

    According to a National Association of Colleges and Employers, the average starting salary for new college graduates in health sciences is $51,541. The average starting salary for new college graduates in business is $53,901.† Assume that starting salaries are normally distributed and that the standard deviation for starting salaries for new college graduates in health sciences is $13,000. Assume that the standard deviation for starting salaries for new college graduates in business is $17,000. What is the probability that a...

  • According to the National Association of Colleges and Employers, the 2015 man starting salary for new...

    According to the National Association of Colleges and Employers, the 2015 man starting salary for new college - $51.541. The man 2015 stating for new colega grein business was $33,001. Asume that starting sales normally distributed and that the des $11.000. Assume that the standard deviation for starting lanes for new college graduates in business $17,000. c) What the probability that a new college graduate in business wil eam a starting salary of at least 567.000 (Round your name to...

  • A loan shark has offered to loan you $348,100.00 today so that you can afford the...

    A loan shark has offered to loan you $348,100.00 today so that you can afford the house of your dreams. The only catch is that he wants you to repay him $518,300.00 exactly 4.00 years from today. You are very tempted as you want the house really badly. What is the rate of interest on the Shark’s loan? A couple with a new baby girl want to set aside money today that will cover her four years of college. This...

  • A young graduate looks to save money to buy a house 5.00 years from today. He...

    A young graduate looks to save money to buy a house 5.00 years from today. He is somewhat conservative and will invest his money in a bond fund that pays 2.00% annually. The graduate invests $8,943.00 today. How much will his account be worth in 5.00 years? Answer Format: Currency: Round to: 2 decimal places.

  • The current cost of graduate school tuition is $12,000 per year. The cost of tuition is...

    The current cost of graduate school tuition is $12,000 per year. The cost of tuition is rising at 5.00% per year. You plan to attend graduate school for 2 years starting 2 years from now. How much do you have to invest today if your savings account earns 7.00% APR compounded annually to just fund your tuition?

  • An academic advisor wants to predict the typical starting salary of a graduate stop business school...

    An academic advisor wants to predict the typical starting salary of a graduate stop business school using the GMAT score of the school as a predictor Variable A simple linear regression of SALARY versus GMAT using 25 data points is shown below Bo-92040 21 - 228 s. 3213dt23667 Set up the roll and alternative hypotheses for testing whether a line wionship exists between SALARY and GMAT O HO P2 Ovs. Ha Bico O HOP-Ovs. He Py> 0 Ho Pivs. Ha...

  • A university would like to describe the relationship between the GPA and the starting monthly salary...

    A university would like to describe the relationship between the GPA and the starting monthly salary of a graduate who earned a business degree from the university. The accompanying table shows the monthly starting salaries for eight graduates of the business school along with their corresponding GPAs. Determine the sample correlation coefficient between the starting salary and the GPA of a business graduate of the university Click the icon to view the salary and GPA data. (Round to three decimal...

  • You want to take a cruise vacation 5 years from now when you complete graduate school....

    You want to take a cruise vacation 5 years from now when you complete graduate school. You estimate that you will need $5,000 when you complete graduate school to pay for the cruise. If you can earn 5.9% interest on your deposits, how much would you have to deposit today to be able to pay for the cruise when you graduate? Round your answer to 2 decimals. For example, $100.12.

  • The average starting salary of this year's vocational school graduates is $35,000 with a standard deviation...

    The average starting salary of this year's vocational school graduates is $35,000 with a standard deviation of $5,000. Furthermore, it is known that the starting salaries are normally distributed. Below what starting salary does 5% of the graduates earn?

  • To complete your last year in business school and then go through law school, you will...

    To complete your last year in business school and then go through law school, you will need $20,000 per year for 4 years, starting next year (that is, you will need to withdraw the first $20,000 one year from today). Your uncle offers to put you through school, and he will deposit in a bank paying 9.05% interest a sum of money that is sufficient to provide the 4 payments of $20,000 each. His deposit will be made today. How...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT