$480 a month. At 9 dollars an hour I would make $48 dollars a day pre tax, roughly $6 bucks an hour. at $15 I would make 96 a day pre tax. which is roughly $12 per hour. Any help on what rate I should mention would help...
If you get twice interest during a year , then it is per annum compounding interest. In per annum interest rate you will get specific rate of interest in a year for your investment. You have fixed deposit of $10,000 and you will get 15%interest per annum for 10 years. This how per annum interst works.
We look for the FV factor that is closest to 1.610. In this case, a factor of 1.608 is located in the column where i = 2%. Since 2% is the interest rate per quarter, we multiply the quarterly rate of 2% x 4, the number of quarterly periods in a year. Hence the investment is earning an interest rate of 8% per year compounded quarterly.