Question

question 4
4 pts
(02.02 mc)
kylie will be 24 years old when she graduates. if the mean weekly wage of her career is $1,045.00, what will her lifetime earnings be when she retires at the age of 62?
$1,304,160.00
$2,064,920.00
$3,369,080.00
$4,850,000.00

Explanation:

Step1: Calculate the number of years she works

The number of years she works is \(62 - 24=38\) years.

Step2: Calculate the number of weeks in those years

Since there are 52 weeks in a year, the number of weeks is \(38\times52 = 1976\) weeks.

Step3: Calculate lifetime earnings

If the mean - weekly wage is \(w = 1045\) dollars, then lifetime earnings \(E=1045\times1976\)

$$
LATEXBLOCK0
$$

Answer:

\(\$2,064,920.00\)