During the first year with a company, Finley was paid an annual salary of $56,000, with a 6% raise for each following year. Which equation represents Finley's annual salary, f(n), during the nth year? Of(n)=56,000(0.94") Of(n)=56,000(1.06) Of(n)=56,000(0.06 Of(n)=56,000(1.06

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Functions And Their Graphs
Section2.1: Linear Equations In Two Variables
Problem 8ECP
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During the first year with a company, Finley was paid an annual salary of $56,000, with a 6% raise for each following year. Which equation represents Finley's annual salary, f(n), during the nth year?
Of(n)=56,000(0.94)
Of(n)=56,000(1.06)
Of(n)=56,000(0.06¹)
Of(n)=56,000(1.06¹)
Transcribed Image Text:During the first year with a company, Finley was paid an annual salary of $56,000, with a 6% raise for each following year. Which equation represents Finley's annual salary, f(n), during the nth year? Of(n)=56,000(0.94) Of(n)=56,000(1.06) Of(n)=56,000(0.06¹) Of(n)=56,000(1.06¹)
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