First, calculate the daily ordinary rate of pay by dividing the monthly salary by 26. Then divide the ordinary rate by the number of normal work hours to get the hourly pay rate. Finally, calculate overtime pay by multiplying the hourly rate by 1.5 and then multiply this figure by the ...
then you have the benefits of time and compound interest on your side. Even a modest contribution will grow over time if you start early but stop contributing after a while. Starting later will necessitate more up-front investment, and you will need to continue contributing for ...