You have accepted a job from a company that will pay you $38,900 in the first year of employment and will give you a 3% raise for each year thereafter. How much will you earn if you work for that company for 5 years?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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You have accepted a job from a company that will pay you $38,900 in the first year of employment and will give you a 3% raise for each year thereafter. How much will you earn if you work for that company for 5 years? 

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