2.After receiving his business degree from UNC-Chapel
Hill, John is offered positions with two companies. Company
A offers him $80,000 per year, with a $1,000 increase every
year. Company B offers him $60,000 per year with a 4%
increase every year. After how many years will the Company
B salary be higher than Company A?
We can solve this :
80000 + 1000x = 60000(1.04)^x
A graph seems the best way to go here
See here : https://www.desmos.com/calculator/6uzj1wumyw
The graph shows that both companies will pay the same at about 10.4 years
So...Company B will pay more after about 11 years
