A company are offering two different salary packages to its staff. Plan A = 20,000 per annum

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A company are offering two different salary packages to its staff.

Plan A = £20,000 per annum + a pay rise of £200 every 6 months.

Plan B = £19,000 per annum + a pay rise of 3.5% every year.

What would an employee’s salary be after 11 years using plan B?

Related Book For answer-question

Intermediate Accounting

ISBN: 9787300071374

3rd Edition Vol. 1

Authors: Kin Lo, George Fisher

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Posted Date: Oct 10, 2023 12:45 AM

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A company are offering two different salary packages to its staff. Plan A = 20,000 per annum

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Intermediate Accounting

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