You currently earn $1400 per month, but you are expecting your earnings to rise 40% per year. In five years, what should you expect to be earning?
You currently earn $1400 per month, but you are expecting your earnings to rise 40% per year. In five years, what should you expect to be earning?
Choose the correct answer below.
A.
In five years, you should expect to be earning exactly $1960 per month because your earnings rise 40% per year, or $560 dollars per year.
B.
In five years, you should expect to be earning exactly $1400 per month because because the 40% increase in earnings does play any effect.
C.
In five years, you should expect to be earning somewhat more than $1400 per month because the 40% increase in earnings is very small.
D.
In five years, you should expect to be earning somewhat less than $1960 per month because your earnings rise 40% per year, which are subtracted from the earnings of the previous year.
E.
In five years, you should expect to be earning somewhat less than $1400 per month because the 40% increase in earnings is very small.
F.
In five years, you should expect to be earning somewhat more than $1960 per month because your earnings rise 40% per year, which are added to the earnings of the previous month.