Ms Farnum was hired for a new job at a salary of $62,500 and was promised a 5% raise each year. What would Ms.Farnum's salary be, to the nearest dollar, after working there for 6 years?
2 answers
62500*1.05^6 = 83755.98
Ms Farnum was hired for a new job at a salary of $62,500 and was promised a 5% raise each year. What would Ms.Farnum's salary be, to the nearest dollar, after working there for 6 years?
1 answer