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 4/25/2014 | L from Jacksonville, NC | 1 Answer | 0 Votes Mark favorite Subscribe Comment
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!!!!!!!!!!!!!!!! 4/25/2014 | Francisco E. Comment