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Solve the Problem. -A Job Pays a Salary of 27,000 the First Year

Question 163

Multiple Choice

Solve the problem.
-A job pays a salary of 27,000 the first year. During the next 9 years, the salary increases by 5% each year. What is the salary for the 10th year? What is the total salary over the 10-year period? (Round to the nearest cent.)


A) $41,885.86; $339,603.10
B) $43,980.15; $383,583.25
C) $41,885.86; $297,717.24
D) $43,980.15; $297,737.24

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