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    Functions Modeling Change
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    Exam 13: Sequences and Series
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    A New Employee Is Offered Two Salary Packages
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A New Employee Is Offered Two Salary Packages

Question 74

Question 74

Short Answer

A new employee is offered two salary packages. Both start with an initial salary of $44,000. Package A offers a $2500 increase each year. Package B offers a 4.5% increase each year. After 7 years, the annual salary with package A would be $_______ and the annual salary with package B would be $_______. Round both answers to the nearest dollar.

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