Wages for Computer systems developers and programmers - Job Bank
Profession: systems programmer (NOC 21230)
Median Wage: 46.67$/hr (Toronto Region)
Monthly gross income: 7467.2$
\begin{align} & 46.67 \times 8 \times 5 \times 4 = 7467.2$ \end{align} $$[Wages for Computer systems developers and programmers - Job Bank](https://www.jobbank.gc.ca/wagereport/occupation/22533) Profession: **systems programmer** (NOC 21230) Median Wage: 46.67\$/hr (Toronto Region) Monthly gross income: 7467.2\$\begin{align}
& 46.67 \times 8 \times 5 \times 4 = 7467.2$
\end{align}
\begin{align}
& PMT = \frac{7467.2}{3} = $2489
\end{align}
\begin{align}
& PV = \frac{PMT[1-(1-i)^{-n}]}{i} \ \
& PV = \frac{2489[1-(1+0.00416666667)^{-480}]}{0.00416666667} \
& PV = $516179.4
\end{align}
\begin{align}
& 480 \times 2489 = $1,194,720
\end{align}
\begin{align}
& I = 480 \times 2489 - PV \
& I = 1194720 - 516179.4 \
& I = 678540.6
\end{align}
\begin{align}
& FV = PV(1+r)^n \
& FV = 516179.4(1+0.07)^{30} \
& FV = $3,929,289.24
\end{align}
\begin{align}
& 5% \times 7467.2 = $373.36
\end{align}
\begin{align}
& FV = \frac{PMT((1+i)^n-1}{i} \ \ & FV = \frac{373.36(1+0.00333333333)^{480}-1}{0.00333333333} \
& FV = 553,005
\end{align}
\begin{align}
& PMT = \frac{(PV)i}{1-(1+i)^{-n}} \
& PMT = \frac{(553005)0.0025}{1-(1+0.0025)^{-240}} \
& PMT = 3063.25
\end{align}