an administrative error resulted in a salaried employee end of the month pay being $175...

70.2K

Verified Solution

Question

Finance

an administrative error resulted in a salaried employee end of the month pay being $175 less than it shouls have been in each of yhe last 18 month. if money is worth 5.4% compounded monthly what lum sum payment today should beade to this empolyee as settlement for this error?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students