Question

You accept a job that pays a salary of 70,000 the first year. During the next 39 years, you will receive a 6% raise each year. What would be your total compensation over the 40-year period? Round your answer to the nearest integer.
A) 10,833,338
B) 1,166,667
C) 65,800
D) 420,000
E) 4,200

Answer

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