Chapter 4.1, Problem 27E

(a)

To determine

To calculate: The actual salary with given model $y=86,827{\left(1.0233\right)}^t$ fits the data where $t=8$ corresponds to $2008$ and compare actual salaries with the data of average salary of pharmacist in United States are shown in below,

Year	$2008$	$2009$	$2010$	$2011$	$2012$	$2013$
Salary	$104,260$	$106,630$	$109,380$	$112,160$	$114,950$	$116,500$

(b)

To determine

To graph: The model $y=86,827{\left(1.0233\right)}^t$ using a graphing utility.

(c)

To determine

To graph: The model $y=86,827{\left(1.0233\right)}^t$ using a graphing utility and use the zoom and trace feature to predict the year during which the average salary will reach $\$130,000$.