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math finance problem!!!?
your union recently negotiated a 3 year contract in which you were given a 2% pay raise each year. before the new contract, your salary was $29,500, what will your salary be at the end of the three years???
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- Bill SLv 61 decade agoFavourite answer
End of year 1 - 29,500(1.02) = 30,090
End of year 2 - 30,090(1.02) = 30,691.80
End of year 3 - 30,691.80(1.02) = 31,305.64
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