document.write( "Question 562541: Calculating future value of salary. During a job interview, Pam Thompson is offered a salary of 28,000. The company gives annual raises of 6 percent. What would be Pam's salary during her fifth year on the job? \n" ); document.write( "
Algebra.Com's Answer #364697 by josmiceli(19441)\"\" \"About 
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Call the 1st years salary \"+s+\"
\n" ); document.write( "Call the annual raise \"+r+\"
\n" ); document.write( "--------
\n" ); document.write( "1st year:
\n" ); document.write( "\"+s+\"
\n" ); document.write( "--------
\n" ); document.write( "2nd year:
\n" ); document.write( "\"+s+%2B+r%2As+\"
\n" ); document.write( "\"+s%2A%28+1+%2B+r+%29+\"
\n" ); document.write( "--------
\n" ); document.write( "3rd year:
\n" ); document.write( "\"+s%2A%28+1+%2B+r+%29+%2B+r%2A%28+s%2A%28+1+%2B+r+%29+%29+\"
\n" ); document.write( "\"+s%2A%28+1+%2B+r+%29%2A%28+1+%2B+r+%29+\"
\n" ); document.write( "\"+s%2A%28+1+%2B+r+%29%5E2+\"
\n" ); document.write( "--------
\n" ); document.write( "4th year:
\n" ); document.write( "\"+s%2A%28+1+%2B+r+%29%5E2+%2B+r%2A%28+s%2A%28+1+%2B+r+%29%5E2+%29+\"
\n" ); document.write( "\"+s%2A%281+%2B+r+%29%5E2+%2A+%28+1+%2B+r+%29+\"
\n" ); document.write( "\"+s%2A%28+1+%2B+r+%29%5E3+\"
\n" ); document.write( "--------
\n" ); document.write( "5th year:
\n" ); document.write( "\"+s%2A%28+1+%2B+r+%29%5E3+%2B+r%2A%28+s%2A%28+1+%2B+r+%29%5E3+%29+\"
\n" ); document.write( "\"+s%2A%281+%2B+r+%29%5E3+%2A+%28+1+%2B+r+%29+\"
\n" ); document.write( "\"+s%2A%28+1+%2B+r+%29%5E4+\"
\n" ); document.write( "--------
\n" ); document.write( "Given:
\n" ); document.write( "\"+s+=+28000+\"
\n" ); document.write( "\"+r+=+.06+\"
\n" ); document.write( "--------
\n" ); document.write( "\"+28000%2A%28+1+%2B+.06+%29%5E4+\"
\n" ); document.write( "\"+28000%2A1.2625+\"
\n" ); document.write( "\"+35349.35+\"
\n" ); document.write( "Pam's salary during 5th year is $35,349.35
\n" ); document.write( "
\n" );