Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Suppose you are offered a $70,000 per year salary in California, a $72,000 per year salary in New
York, and a $45,000 per year salary in Texas.
Part A: Use the information above and your answers from Question 1 to complete the table below.
Value in CA
Value in NY
$ 69,000
Value in TX $ 63,497
X
O California
New York
CA Salary
$70,000
O Texas
Answer: $78036
X
NY Salary
X
$73,044
$72,000
X $ 66,258
X
Part B: Based on purchasing power, which job would you select?
X
TX Salary
$49,609
$ 48,900
$45,000
X
Part C: Suppose you are earning a salary of $53000 per year in Texas. Your employer asks to
transfer you to a New York office (you may decline without losing your job). What is your equivalent
salary in New York?
X
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Transcribed Image Text:Suppose you are offered a $70,000 per year salary in California, a $72,000 per year salary in New York, and a $45,000 per year salary in Texas. Part A: Use the information above and your answers from Question 1 to complete the table below. Value in CA Value in NY $ 69,000 Value in TX $ 63,497 X O California New York CA Salary $70,000 O Texas Answer: $78036 X NY Salary X $73,044 $72,000 X $ 66,258 X Part B: Based on purchasing power, which job would you select? X TX Salary $49,609 $ 48,900 $45,000 X Part C: Suppose you are earning a salary of $53000 per year in Texas. Your employer asks to transfer you to a New York office (you may decline without losing your job). What is your equivalent salary in New York? X
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