Question: Catstuff.com adjusts salaries based on changes in its stockprice, which has increased consistently at 1/8 its value per year. Yearly raises are the same fraction

Catstuff.com adjusts salaries based on changes in its stockprice, which has increased consistently at 1/8 its value per year. Yearly raises are the same fraction of the current salary as the yearly fractional change in stock prices. Tim currently earns $373,248 per year at Catstuff.com.

Find lastyear's salary, the salary in 3 years, and the salary 3 years ago.

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