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QUESTION

A college graduate expects to earn a salary of $50,000 during the first year after graduation and receive a 3% raise every year after that. What is the total income he will have received after ten yea

A college graduate expects to earn a salary of $50,000 during the first year after graduation and receive a 3% raise every year after that. What is the total income he will have received after ten years?

A. $507,955.31

B. $573,193.97

C. $640,389.78

D. $515,000.00

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