You Accept a Job That Pays a Salary Of $\$$ 50,000 the First Year

Multiple Choice

You accept a job that pays a salary of $\$$ 50,000 the first year. During the next 39 years, you will receive a 4% raise each year. What would be your total compensation over the 40-year period? Round your answer to the nearest integer.

A) $\$$ 4,751,276
B) $\$$ 1,250,000
C) $\$$ 48,000
D) $\$$ 200,000
E) $\$$ 2,000