An employee joined a company in 2010 with a starting salary of $40,000. Every year this employee receives a raise of $500 plus 5% of the salary of the previous year a) Set up a recurrence relation for the salary of this employee n years after 2010. 
 b)  What will the salary of this employee be in 2017? 
 c)  Find an explicit formula for the salary of this employee n years after 2010.

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