Question

Jenny Lopez estimates that as a result of completing her master's degree, she will eam an additional $15,000 a year for the next 25 years. (o) What would be the total amount of these additional eamings?

Answer 1

The total amount of Jenny Lopez's additional earnings would be $375,000.

Step-by-step explanation:

Additional earnings refer to income beyond one's primary source, often stemming from secondary employment, investments, or other supplementary financial activities. These extra funds can enhance financial stability, facilitate savings, or provide discretionary spending power. Side gigs, freelance work, dividends from investments, or bonuses are examples of avenues for additional earnings. Diversifying income sources can contribute to economic resilience, allowing individuals to navigate uncertainties and pursue financial goals with a more robust and versatile financial portfolio.

To find the total amount of Jenny Lopez's additional earnings, we need to multiply the estimated additional earnings per year ($15,000) by the number of years (25).

This can be calculated as follows: 15,000 x 25 = $375,000.