Asked by o
His job pays a starting salary of $32,000 with a 5% raise at the end of each year. Give his salaries for the first 5 years he works.
Answers
Answered by
Reiny
now --- 32000
at end of year 1 = 32000(1.05) = ....
at end of year 2 = 32000(1.05)^2 = 35280
....
at end of year 5 = 32000(1.05)^5 = ...
I will let you do the button pushing, I did one of them so you know your answers are correct
at end of year 1 = 32000(1.05) = ....
at end of year 2 = 32000(1.05)^2 = 35280
....
at end of year 5 = 32000(1.05)^5 = ...
I will let you do the button pushing, I did one of them so you know your answers are correct
Answered by
Anonymous
40,841.01
Answered by
Eric
How did you get 1.05? 5% per year should end up 0.6
There are no AI answers yet. The ability to request AI answers is coming soon!