A job pays a salary of $24,000 the first year. During the next 19 years, the salary increases by 5% each year. What is the total lifetime salary over the 20-year period? Round to the nearest dollar.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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A job pays a salary of $24,000 the first year. During the next 19 years, the salary increases by 5% each year. What is the total lifetime salary over the 20-year period? Round to the nearest dollar.

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