You are offered a job that pays $30,000 for the first year
Chapter 14, Problem 14.1.294(choose chapter or problem)
You are offered a job that pays $30,000 for the first year with an annual increase of 5% per year beginning in the second year. That is, beginning in year 2, your salary will be 1.05 times what it was in the previous year. What can you expect to earn in your sixth year on the job? Round to the nearest dollar.
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