"Suppose you had the choice of the following two jobs:Job 1: Starting with an annual salary of $1000 and a $200 increase every year.
Job 2: Starting with a semiannual salary of $500, and an increase of $50 every 6 months.In all other respects, the two jobs are exactly alike. Which is the better offer (after the first year)? Think carefully... and I'll share the answer with you tomorrow.
September 6, 2009
T.C. Mitts and Fred
Last year I posted about the math program we were starting ( http://kimiskorner.blogspot.com/2008/06/fred-has-arrived.html). Isaac loves it. When he finished his decimals and percents book last week, he informed me that "a day without math is boring." Well, after a phone call to Mr. Stan, I learned that we are going to have to wait till he finishes the next book. He recommended I locate a book called, "The Education of T.C. Mitts." I hate it :-) Here's why- our first problem went like this:
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Did you say Job 1 is better? And did you reason as follows? Since Job 2 has an increase of $50 every 5 months, it must have an annual increase of $100 and therefore it is not as good as Job 1 which has an annual increase of $200.
Well, we are wrong.
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