Choose the One Alternative That Best Completes the Statement or Answers

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A baseball player signs a contract with a starting salary of $840,000 per year and an annual increase of 4.5% beginning in the second year. What will the athlete's salary be, to the nearest dollar, in the sixth year?

A) $1,048,864
B) $1,045,321
C) $1,046,793
D) $1,047,440