Upon graduate from college you make an annually salary of, Financial Management

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Upon graduate from college you make an annually salary of

1. Upon graduate from college, you make an annually salary of 49, 944.You set a goal to double in the future. If your salary increases at an average annual rate of 9.72 percent, how low will it take to reach your goal?

2. Cooling Tools, Inc. is currently producing 504 of small refrigerators per month but the company’s CEO plans to increase production at a rate of 7.54 percent per month until the firm is producing 5,969 of refrigerators per month. How many months will this take?

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