Client #3 Andre just found out that he was going to get a 2.75% raise. He needs help figuring out how much he will make per year after the raise. He currently earns $13.90 an hour. He works 35 hours per week and 50 weeks per year. Note: Calculate the raise on the hourly wage first. a. (1 pt) First determine the problem type by clicking the appropriate box (if you are doing this in Word) or put an "X" in the appropriate box. Percent problem Simple Interest Compound Interest Present Value Needed Ordinary Annuity Sinking Fund Mortgage Principal and Interest Payment b. (2 pt) What is Andre's new annual salary? Write out 1) the correct formula with variables (e.g. A, P.r, etc.), and 2) the correct formula with the numerical values. Round your answer to the nearest cent. Round up to the next cent for sinking funds