You are offered a job that pays $33 comma 000 during the first year, with an annual increase of 6% per year beginning in the second year. That is, beginning in year 2, your salary will be 1.06 times what it was in the previous year. What can you expect to earn in your fourth year on the job? Round your answer to the nearest dollar.

Question

You are offered a job that pays ​$33 comma 000 during the first​ year, with an annual increase of 6​% per year beginning in the second year. That​ is, beginning in year​ 2, your salary will  be 1.06 times what it was in the previous year. What can you expect to earn in your fourth year on the​ job? Round your answer to the nearest dollar.
Question content area bottom
Part 1
In your fourth year on the​ job, you can expect to earn ​$
  
enter your response here.
​(Round to the nearest​ dollar.)

GPT 3.5 · Answer

In your fourth year on the job, you can expect to earn $38,000.