a. A company is offering a job with a salary of $35,000 for the first year and a 3% raise each year after that. If the 3% raise continues every year, find the amount of money you would earn in a 40-year career.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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Question
a. A company is offering a job with a
salary of $35,000 for the first year and a
3% raise each year after that. If the 3%
raise continues every year, find the
amount of money you would earn in a
40-year career.
Transcribed Image Text:a. A company is offering a job with a salary of $35,000 for the first year and a 3% raise each year after that. If the 3% raise continues every year, find the amount of money you would earn in a 40-year career.
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