Question

3 (02.02 lc) amanda will be 21 years old when she graduates. if the mean annual wage of her career is $35,240.00, what will her lifetime earnings be when she retires at the age of 60? (2 points) $2,114,400.00 $1,374,360.00 $7,400,400.00 $5,678,325.00

Explanation:

Step1: Calculate number of working - years

The number of years from 21 to 60 is $60 - 21=39$ years.

Step2: Calculate lifetime earnings

Lifetime earnings = Mean annual wage×Number of working - years. Given the mean annual wage is $35240$, so lifetime earnings are $35240\times39 = 1374360$.

Answer:

$1,374,360.00$