If output per worker is now nearly $120,000 per year, how much will the average worker produce 5 years from now if productivity improves by (use the compounding formula below to answer the question) : fv1 = p (1 + r), fv2 = p (1 + r) (1 + r), fv3 = p (1 + r) (1 + r) (1 + r) ... instructions: enter your responses rounded to two decimal places. (a) 2 percent per year? $ (b) 3 percent per year? $

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Mathematics

Nyla Mitchell

22 February, 10:20

If output per worker is now nearly $120,000 per year, how much will the average worker produce 5 years from now if productivity improves by (use the compounding formula below to answer the question) : fv1 = p (1 + r), fv2 = p (1 + r) (1 + r), fv3 = p (1 + r) (1 + r) (1 + r) ... instructions: enter your responses rounded to two decimal places. (a) 2 percent per year? $ (b) 3 percent per year? $

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Russell · Answer 1

It takes Jane 1 hour to make a necklace and 45 minutes to make a bracelet. As If output per worker is now nearly $120,000 per year, how much will the average worker produce 5 years from now if productivity improves by (use the compounding formula below to answer the question) answer.