SOLUTION: A teacher starting salary of $40,000 would be how much after 30 years with a 4% increase each year?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A teacher starting salary of $40,000 would be how much after 30 years with a 4% increase each year?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 734072: A teacher starting salary of $40,000 would be how much after 30 years with a 4% increase each year?
Answer by checkley79(3341) About Me  (Show Source):
You can put this solution on YOUR website!
40,000(1+.04)^30
40,000(1.04)^30
40,000*3.24=$129,735.90 final salary after 30 years.