question archive An administrative error resulted in a salaried employee’s end-of-month pay being $175 less than it should have been in each of the last 18 months
An administrative error resulted in a salaried employee’s end-of-month pay being $175 less than it should have been in each of the last 18 months
Subject:FinancePrice: Bought3
An administrative error resulted in a salaried employee’s end-of-month pay being $175 less than it should have been in each of the last 18 months. If money is worth 5.4% compounded monthly, what lump sum payment today should be made to this employee as settlement for this error? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
