A college graduate expects to earn a salary of $60,000 during the first year after graduation and receive a 4% raise every year after that. What is the total income he will have received after ten years?
a. $720,366.43
b. $634,967.72
c. $624,000.00
d. $809,181.08

Question

A college graduate expects to earn a salary of $60,000 during the first year after graduation and receive a 4% raise every year after that. What is the total income he will have received after ten years?
a. 	   $720,366.43
b.       $634,967.72
c.      $624,000.00
d.    $809,181.08

anonymous · Answer

$$60,000\times (1.04)^{10}$$and a calculator

anonymous · Answer

thanks bud!

anonymous · Answer

yw, glad to help out the petit bourgeoisie