2009-12-10, 10:46 PM
Hazzy Wrote:15000 + 1000t = Jack
7500 + 500t = Jill
t=10
15000 + 1000(10) = 25000 (Jack)
7500 + 500(10)= 12500 (Jill)
Am I doing something wrong...?
This seems like the "logical" way...and Jill has $1225 in your example by the way, since she doesn't get the raise on the first half of the first year.
But I used the sigma notation way, and it produced a different answer...which matches the one in the book, but it isn't logical...

