Solve the Problem. -A Job Pays a Salary of 32,000 the First Year

Multiple Choice

Solve the problem.
-A job pays a salary of 32,000 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) $52,124.63; $352,870.06
B) $52,124.63; $454,617.19
C) $49,642.50; $352,850.06
D) $49,642.50; $402,492.56