Question 145428
Jon begins a new job with an annual salary of $42,000 for his first year of employment, a guarantee of a 5% increase each for his second, third and fourth year and a guarantee fo a 20% for his fifth and sixth year. What will be his salary during his sixth year of employment?
-------------------- 
Salary = 42,000(1.05)^3*(1.20)^2 = 70,013.16
============
Cheers,
Stan H.