Question 7 0/1 pt 9 3 51 0 Details Announcers present music, news, and sports, and may provide commentary or interview guests about these or other important topics. Some act

Question 7
0/1 pt 9 3 51 0 Details
Announcers present music, news, and sports, and may provide commentary or interview guests about
these or other important topics. Some act as masters of ceremonies (emcees) or disc jockeys (DJs) at
weddings, parties, or clubs.
Many announcers work in radio and television studios. Some announcers are self-employed; others work
part time. The median annual wage for announcers was $29,010 in May 2014.
SOURCE: United States. Department of Labor. "Announcers." Occupational Outlook Handbook. 17 Dec. 2015.
Web. 8 March 2016.
A newscaster earns $31,300 and wants to invest 10% of his/her monthly salary to save for retirement in 25
years. If he/she invests this money at 4.7% compounded monthly, how much money will he/she have at
retirement?
a) How much will be saved each year?
b) will be the monthly deposit?
c) will be the amount in the account after 25 years?
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