An employee joined a company in 2017 with a starting salary of $50,000. Every year this employee receives a raise of $1000 plus 5% of the salary of the previous year.a) Set up a recurrence relation for the salary of this employee n years after 2017.b) What will the salary of this employee be in 2025?c) Find an explicit formula for the salary of this employee n years after 2017.

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Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.