SOLUTION: Emma earns a $39,000 dollar salary in the first year of her career. Each year, she gets a 5% raise. How much does Emma earn in total in the first 11 years of her career? Round off
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-> SOLUTION: Emma earns a $39,000 dollar salary in the first year of her career. Each year, she gets a 5% raise. How much does Emma earn in total in the first 11 years of her career? Round off
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Question 1185231: Emma earns a $39,000 dollar salary in the first year of her career. Each year, she gets a 5% raise. How much does Emma earn in total in the first 11 years of her career? Round off your final answer to the nearest thousand. Answer by ikleyn(52794) (Show Source):
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Emma earns a $39,000 dollar salary in the first year of her career. Each year, she gets a 5% raise.
How much does Emma earn in total in the first 11 years of her career? Round off your final answer to the nearest thousand.
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They want you calculate the sum of the first 11 terms of the geometric progression,
whose first term is = 39000 and the common ratio is r = 1.05.
Use the formula
= = = 554064.70.
ANSWER. 554064.70 dollars.
