you are offered a job the pays 36,000 during the first year, with an annual increase of 6% per year beginning in the second year. That is beginning in year 2 your salary will be 1.06 times what it was in the pervious year. What can you expect to earn in your fourth year on the job round to the nearest dollar

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Answer:

1st year: $36,000

2nd year: $36,000(1.1) = $39,600

3rd year: $39,600(1.1) = $43,560

4th year: $43,560(1.1) = $47,916