Justine earned $28,000 during the first year of her job at city hall. After each year she received a 6% raise. Find her total ea
rnings during the first five years on the job.
1 answer:
Answer:
$ 157838.60 in 5 years
Step-by-step explanation:
r = 1.06
sum of geometric seq = a1 ( 1-r^n)/(1-r) n = 5
28000 ( 1 - 1.06^5) / ( 1-1.06) = 157838.60
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