How do I solve:

Paul has taken a job with a starting salary of $18,000 with annual raises of 5%. What will he salary

be during his fifth year on hte job?

thanks

How do I solve:

Paul has taken a job with a starting salary of $18,000 with annual raises of 5%. What will he salary

be during his fifth year on hte job?

thanks

Tutors, please sign in to answer this question.

Miami, FL

I can give you the formula but to explain the process is: 18000, (18000 +900),(18900 +945) + (19845 +992.25) +(20837.25 +1041.86)

Final salary after five years $ 21879.11

CHECK!!!!!!!!!!!!!!!!

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