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natita [175]
2 years ago
11

You accept a job as a marine biologist that pays a salary of $45,000 the first year. During the next 39 years, you receive a 5.5

% raise each year. What is your total salary over the 40-year period? The equation you use for this problem is a1 = (r^n - 1/ r - 1)
I'll attach an example of the problem:

Mathematics
1 answer:
melamori03 [73]2 years ago
7 0
45000(1.055)^40=383980.89
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