If your starting salary is $40,000 and you recieve a 3% increase at the end of every year, what is the total amount, in dollars,

Question

3 years ago

14

you will earn over the first 16 years that you work?
Round your answer to the nearest whole dollar, and express your answer without using commas.

2 answers:

deff fn [24] · Answer 1 · 2021-11-24T04:12:23+03:00

7 0

Answer:

$806275

Step-by-step explanation:

Aliun [14] · Answer 2 · 2021-11-24T02:17:59+03:00

Aliun [14]3 years ago

5 0

A=p (1+r)^t
A=40,000×(1+0.03)^(16)
A=64,188.26