Question: Levi McArthur graduated with a master of accountancy degree and
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. 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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