Question: Solve and explain in detail the process for finding the solution: A job pays $38,000 for the first year with an annual increase of 3%

Solve and explain in detail the process for finding the solution:

Solve and explain in detail the process for finding the solution: A job pays $38,000 for the first year with an annual increase of 3% per year beginning in the second year. What is the salary in the 10th year? What is the total salary paid over this ten-year period? (Round answers to the nearest dollar.)

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