Answer:
(a) The recurrence relation for the salary is
(b) The salary 25 years after 2017 will be $217044.85.
(c)
Step-by-step explanation:
We can define the next year salary as
wit S0=$50000
If we extend this to 2 years from 2017 (n+2), we have
Extending to 3 years (n+3)
Extending to 4 years (n+4)
We can now express a general equation for S_n (salary at n years from 2017)
The salary at 25 years from 2017 (n=25) will be