SOLUTION: kayla annual salary is currently 50,000. each year she will get a 6% raise. to the nearest dollar, what will her salary be in 4 years?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: kayla annual salary is currently 50,000. each year she will get a 6% raise. to the nearest dollar, what will her salary be in 4 years?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 878583: kayla annual salary is currently 50,000. each year she will get a 6% raise. to the nearest dollar, what will her salary be in 4 years?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=50000(1.06)^4
FV=50000*1.26247696
FV=$63,123.85