Your best friend Ernie Jones was always an honest and ethical student. He would never...
90.2K
Verified Solution
Link Copied!
Question
Finance
Your best friend Ernie Jones was always an honest and ethical student. He would never use those terrible websites to cheat on exams, unlike many of your other friends. He graduated with good grades and received multiple job offers from Shopify and Lightspeed POS. These firms truly appreciated Ernie Joness work ethic as well as the honesty displayed by never cheating or plagiarized during their studies. (i) Shopify has offered a salary structure whereby Ernie Jones will receive $180,000 at the end of each year for the next two years. Plus daily free lunches at the company cafeteria. (ii) Lightspeed POS has offered a salary structure whereby Ernie Jones will receive $170,000 at the end of each year for the next two years, plus a $19,000 signing bonus to be paid immediately. The interest rate is 3.4% compounded monthly. Which company offers Ernie Jones the better salary structure, and by how much? Show all your work.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.