. If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this salary be after 3 years? dollars

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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d. If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will
this salary be after 3 years?
dollars
Transcribed Image Text:d. If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this salary be after 3 years? dollars
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