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?

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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) About Me  (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?
A%28t%29+=+45000%281.03%29%5E%28t%29
A%288%29+=+45000%281.03%29%5E%288%29