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Instruction 2-2 Carry Each Hourly Rate and Each Overtime Rate to 3

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Instruction 2-2
Carry each hourly rate and each overtime rate to 3 decimal places and then round off to 2 decimal places . 
Refer to Instruction 2-2. Ron Morris earns $11.80 per hour and worked 44 hours this week. In addition, he earned a production bonus of  $35.20 for the week. His gross pay for the week is ___________.


Definitions:

Internal Rate

Also known as the internal rate of return (IRR), it is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

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