If your starting salary were $35,000 and you received a 6% increase at the end of every year for 15 years, what would be the total amount, in dollars, you would have earned over the first 16 years that you worked?

Round your answer to the nearest whole dollar, and express your answer without using commas.

The first 15 years you made a total of 35k * ( 1.06^15 - 1)/(1.06 -1) = $814658.9459.

If you work 16 years and assuming that you had again the 6% increase in the 16th year, then you have a total of 35k * ( 1.06^16 - 1)/(1.06 -1) =$898538

Question

If your starting salary were $35,000 and you received a 6% increase at the end of every year for 15 years, what would be the total amount, in dollars, you would have earned over the first 16 years that you worked? 

Round your answer to the nearest whole dollar, and express your answer without using commas.

The first 15 years you made a total of 35k * ( 1.06^15 - 1)/(1.06 -1) = $814658.9459. 

If you work 16 years and assuming that you had again the 6% increase in the 16th year, then you have a total of 35k * ( 1.06^16 - 1)/(1.06 -1) =$898538

kj4uts · Answer

Im confused based on the question is the answer $814659 or $898538?