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Solve. -A Basketball Player Signs a Contract with a Starting Salary

Question 36

Multiple Choice

Solve.
-A basketball player signs a contract with a starting salary of $850,000 per year and an annual increase of6.5% beginning in the second year. What will the athleteʹs salary be, to the nearest dollar, in the sixth year?


A) $1,164,574
B) $1,165,367
C) $1,163,330
D) $1,166,854

Correct Answer:

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