SOLUTION: Karen just started a new job. The job pays $45,000 for the first year, with guaranteed raises of 3% each year for 10 years. How much should she earn after 8 years?

Algebra.Com
Question 842160: Karen just started a new job. The job pays $45,000 for the first year, with guaranteed raises of 3% each year for 10 years. How much should she earn after 8 years?
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
The job pays $45,000 for the first year, with guaranteed raises of 3% each year for 10 years.
How much should she earn after 8 years?


RELATED QUESTIONS

Mookie just started a new job. The job pays $24,000 for the first year, with guaranteed... (answered by TheInstructor)
Good Evening, I could use a little help with how to solve for a and b. Please help with... (answered by stanbon)
Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of... (answered by richwmiller)
Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of... (answered by stanbon)
Suppose you are offered two jobs. One pays $30,000 the first year with annual raises of... (answered by Theo,rapaljer)
Mary has accepted a teaching job that pays ​$25,000 for the first year. According... (answered by Boreal)
algebra.com a george monkey is in the process of negotiating his first contract. the... (answered by ikleyn)
James has two job offers. Massy offers James the job with an initial annual salary of... (answered by ikleyn)
Liam recently graduated from USF and accepted a job as a software engineer. The starting (answered by Theo)