SOLUTION: You are hired by a large company. Your contrack is for 40 years with the starting salary of $30,000. Your salary increaes 5% every year. Find a formual for your salary in the n-th

SOLUTION: You are hired by a large company. Your contrack is for 40 years with the starting salary of $30,000. Your salary increaes 5% every year. Find a formual for your salary in the n-th

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Question 245703: You are hired by a large company. Your contrack is for 40 years with the starting salary of $30,000. Your salary increaes 5% every year. Find a formual for your salary in the n-th year?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=P(1+.05)^n
A=30000(1.05)^n

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