#20)-Bill receives a $1,200 monthly salary, plus a variable commission on net sa
ID: 3198771 • Letter: #
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#20)-Bill receives a $1,200 monthly salary, plus a variable commission on net sales based on the following schedule: (commission doesn't begin until Bill earns $9,000 in net sales) $9,000-$12,000 1% $12.000-$20,000 3% $20,000-$40,000 5% More than $40,000 8% If Bob has $65,000 in net sales, what is his gross pay? (3 pts) #21)-Mary created 375 bracelets last week. What is her pay based upon the following scale: (3 pts) 1-100 bracelets $1.25 per unit 100-200 bracelets $1.75 per unit more than 200 bracelets $2.25 per unit #22)-Mark has $9,000 to invest. He could put it into Bank A at 10% interest compounded annually or Bank B at 8% interest compounded quarterly. Find the APY of each to decide which bank gives Mark the best deal. (3 pts) APY of Bank A- APY of Bank B- #23)-Amy works at a bookstore where she earns $8.50 per hour (as well as overtime pay) plus a commission of 2% on her weekly sales over $1,500. Last week Amy worked 49 hours and had total sales of $2,250. What was her gross pay for the week? (3 pts) #24) . Shirley deposited $30,000 in a savings account at 5% interest compounded semiannually. At the beginning of year 4, Shirley deposits an additional $80,000 at 5% interest compounded semiannually. At the end of 6 years what is the balance in Shirley's account? (3 pts)Explanation / Answer
I can only answer 1 question at a time but I am solving 2 questions his time, i.e., #20) and #21).
If you want answer to any particular section, please mention specifically.
20. Gross pay = $1200 + $65000*8% = $1200 + $5200 = $6400.
21. Her pay = 375* $2.25 = $843.75.
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