Announcers present music, news, and sports, and may provide commentary or interview guests about these or other important topics. Some act as masters of ceremonies (emcees) or disc jockeys (DJs) at weddings, parties, or clubs. Many announcers work in radio and television studios. Some announcers are self-employed; others work part time. The median annual wage for announcers was $29,010 in May 2014. A newscaster earns $33,900 and wants to invest 10% of his/her monthly salary to save for retirement in 22 years. If he/she invests this money at 3.3% compounded monthly, how much money will he/she have at retirement? a) How much will be saved each year? $ b) What will be the monthly deposit? $ c) What will be the amount in the account after 22 years?
Announcers present music, news, and sports, and may provide commentary or interview guests about these or other important topics. Some act as masters of ceremonies (emcees) or disc jockeys (DJs) at weddings, parties, or clubs.
Many announcers work in radio and television studios. Some announcers are self-employed; others work part time. The median annual wage for announcers was $29,010 in May 2014.
A newscaster earns $33,900 and wants to invest 10% of his/her monthly salary to save for retirement in 22 years. If he/she invests this money at 3.3% compounded monthly, how much money will he/she have at retirement?
a) How much will be saved each year?
$
b) What will be the monthly deposit?
$
c) What will be the amount in the account after 22 years?
$
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