You Accept a Job as a Manager That Pays a Salary

Multiple Choice

You accept a job as a manager that pays a salary of $34,000 the first year. During the next 39 years, you receive a 4% raise each year. What would your total salary be over the 40 year period? Round answer to the nearest cent.

A) $3,740,420.98
B) $3,230,867.53
C) $3,394,102.24
D) $2,922,991.43
E) $2,638,342.67