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In five years, a salary of $56,000 per year with a 5% growth due to cost-of-living adjustment in the fifth year would be $____. The same salary, with a 1% growth due to cost-of-living adjustment compounded yearly, would be $___ in five years.

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In five years, a salary of $56,000 per year with a 5% growth due to cost-of-living adjustment in the fifth year would be $____. The same salary, with a 1% growth due to cost-of-living adjustment compounded yearly, would be $___ in five years. 

 

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There are two cases, first in which income is received for four years and there is an increment...

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