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What will Levi’s salary be in five years if he gets a 5 percent raise each year? -What would his salary be in five years if the annual raise is 9 percent?

01 / 10 / 2021 Assignment

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Levi
McArthur graduated with a master of accountancy degree and has accepted a staff
accounting position with a firm; he will receive a salary of $50,000. The firm
guarantees that Levi will receive a 5 to 9 percent raise each year for the next
five years depending on his performance.

Questions:

-What will Levi’s salary be in five
years if he gets a 5 percent raise each year?

-What would his salary be in five years
if the annual raise is 9 percent?



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