Question: Jackson's salary can be decomposed into three components ( all after income tax ) : An annual base salary of $ 6 0 , 0

Jackson's salary can be decomposed into three components (all after income tax):
An annual base salary of $60,000 and it will increase by 6% every year at the beginning of each year.
A sign-on bonus of $20,000, paid with his first salary.
Performance bonus paid at the end of each year. His bonus in year t, B(t) is calculated using the following formula:
B(t)=0.15A(t)* I(t)*exp(1/t),
where A(t) is his base salary for year t, and I(t) is a Bernoulli random variable with success probability p =0.8. Calculate exactly the probability that Jackson's total performance bonus (nominal amount) will be no less than $90,000.

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