Katie recently retired and met with her financial planner. She arranged to receive $36.000 the first year. Because of inflation, each year she will get $800 more than she received the previous year a) What income will she receive in her seventh year of retirement? b) How much money will she have received in total during her first 7 years

Katie recently retired and met with her financial planner. She arranged to receive $36.000 the first year. Because of inflation, each year she will get $800 more than she received the previous year

a) What income will she receive in her seventh year of retirement?

b) How much money will she have received in total during her first 7 years of retirement? a) Her income will be b) She will have received

Expert Answer

a) 1st year ? 36.000 $ 3eed Gear 36,800+800 37,600 2nd 36000+800+ 36,800 4th year… View the full answer