A professional baseball player signs a contract with a
Chapter 14, Problem 14.1.293(choose chapter or problem)
A professional baseball player signs a contract with a beginning salary of $3,000,000 for the first year and an annual increase of 4% per year beginning in the second year. That is, beginning in year 2, the athletes salary will be 1.04 times what it was in the previous year. What is the athletes salary for year 7 of the contract? Round to the nearest dollar.
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