SOLUTION: Two people begin working on the same day for the same company. The starting salary of Person A is $52,000 and the starting salary of Person B is $43,000. Each person gets an annual

Algebra ->  Finance -> SOLUTION: Two people begin working on the same day for the same company. The starting salary of Person A is $52,000 and the starting salary of Person B is $43,000. Each person gets an annual      Log On


   

Question 1200874: Two people begin working on the same day for the same company. The starting salary of Person A is $52,000 and the starting salary of Person B is $43,000. Each person gets an annual raise of 3.5%.
Part A: How much money will Person A make in Year 5?
Person A's salary in Year 5 = $

Part B: How much money will Person B make in Year 5?

Person B's salary in Year 5 = $

Part C: How much more money will Person A make in the first five years (total) compared to Person B?
Answer: $

Answer by josgarithmetic(39618) About Me  (Show Source):
You can put this solution on YOUR website!
The description and questions are clear enough.

After four MORE years,
52000%281.035%29%5E4
and
43000%281.035%29%5E4