An employee is starting a job with an annual salary of $65,000. The employee’s annual salary will increase by 3% at the end of each year with the company. What will the employee’s annual salary, in dollars, be at the end of the second year with the company?
A. $63,050.50
B. $65,300.00
C. $66,950.00
D. $68,958.50
After the first year with the company, the employee's salary will increase by 3% of $65,000, or $65,000 * 0.03 = $<<65000*0.03=1950>>1,950.
Therefore, the salary at the end of the first year will be $65,000 + $1,950 = $<<65000+1950=66950>>66,950. Answer: \boxed{C}.