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You are offered two jobs. One initially pays $100,000 annually, and your salary will grow annually at 11.5%. The other pays $97,000 annually but your salary will grow at 12%. After ten years, which job pays the higher salary?

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Solution Summary

Two cash flow streams are evaluated as to which one will be greater at the end of 10 years.

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You are offered two jobs. One initially pays $100,000 annually, and your salary will grow annually at 11.5%. The other pays $97,000 annually but your salary will grow at 12%. After ten years, ...

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