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21 November, 21:05

Justin just started his first post-college job at bigchem, incorporated. part of his benefit package is a defined benefit plan that is based on his salary in his last year of employment. he's wondering what his final salary will be. if his starting salary is $50,000 and he receives a raise of 2.7% per year every year for 43 years what will his ending salary be?

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  1. 21 November, 21:52
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    His pay in the end will be 108,050
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