Just answered: Use the formula for the sum of the first n terms of a geometric sequence
Chapter 11, Problem 84(choose chapter or problem)
Use the formula for the sum of the first n terms of a geometric sequence to solve Exercises 8186.You are investigating two employment opportunities.Company A offers $30,000 the first year. During thenext four years, the salary is guaranteed to increase by6% per year. Company B offers $32,000 the first year,with guaranteed annual increases of 3% per year afterthat. Which company offers the better total salary for afive-year contract? By how much? Round to the nearestdollar.
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