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Mathematics, 28.06.2020 15:01 dezmondpowell

Kay is trying to decide between two job offers. The compensation package for job A includes 80% of the cost of a $300-per-month health insurance plan, 90% of the cost of a $40-per-month life insurance plan, a salary of $65,000 per year, and a 5% match on 401(k) contributions. The compensation package for job B includes 70% of the cost of a $400-per-month health insurance plan, 80% of the cost of a $50-per-month life insurance plan, a salary of $64,000 per year, and a 10% match on 401(k) contributions. Kay plans to contribute $8000 per year to her 401(k) plan. What is the yearly value of the health insurance benefit from job A? How about the yearly value of the health insurance benefit from job B?

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