You are hired with a starting annual salary of $55,000. As part of your signing package, you are promised your compensation will increase by 3.5% per year for the first four years. Write an equation for your salary for year x, where 0 is less or equal to x less or equal to 4. Using the equation, find your wage in year 3 to the nearest cent.

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To find the equation for your salary for year x where 0 x 4 w... View the full answer