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29-09-2022
Mathematics

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Something incredible has happened. Your college roommate, a gifted athlete, has been given a six- year contract with a professional basketball team. They will be playing against the best players in the world. Team management offers them three options.

FIRST OPTION A beginning salary of $1,700,000 with annual increases of $70,000 per year starting the second year.

SECOND OPTION A beginning salary of $1,700,000 with an annual increase of 2% per year beginning in the second year.

third OPTION Smaller starting salary of $1,500,000, but an annual increases of 9% yearly after that.

Answer :

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