Posted by Maya on Monday, April 9, 2012 at 1:42pm.
An investment firm has a job opening with a salary o $30,000 for the first year. Suppose that during the next 39 years, there is a 5% raise each year. Find the total compensation over the 40year period.

Precalc  Steve, Monday, April 9, 2012 at 2:41pm
30000 (1 + 1.05 + 1.05^2 + ... + 1.05^39)
30000 (1.05^40  1)/(1.05  1) = 3,623,993.23

Precalc  Maya, Monday, April 9, 2012 at 7:57pm
Could you possibly elabarate a little on to how you got those numbers please :)
thanks you!
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