Question 20 (CHAPTER 6) A large software company is planning to hire three senior software developers and offer them a very competitive annual salary: Beginning of year 1 (or today): hire the first developer and immediately pay $66,000 as a lump sum for the first year of work. Beginning of year 2 (or 1 year from today): hire the second developer and immediately pay $72,000 as a lump sum for the first year of work. Beginning of year 3 (or 2 years from today): hire the third developer and immediately pay $ 76,000 as a lump sum for the first year of work. The company is planning for generous salary increases at the annual rate of 3%. How much TOTAL salary will the company have to pay to all three hired employees 5 years from today? (Increase decimal places for any intermediate calculations, from the default 2 to, for example, 6 or even higher. The more the better! Only round your final answer to TWO decimal places: for example, 1,000.23. DO NOT use "$" in your answer.) Question 20 (CHAPTER 6) A large software company is planning to hire three senior software developers and offer them a very competitive annual salary: Beginning of year 1 (or today): hire the first developer and immediately pay $66,000 as a lump sum for the first year of work. Beginning of year 2 (or 1 year from today): hire the second developer and immediately pay $72,000 as a lump sum for the first year of work. Beginning of year 3 (or 2 years from today): hire the third developer and immediately pay $ 76,000 as a lump sum for the first year of work. The company is planning for generous salary increases at the annual rate of 3%. How much TOTAL salary will the company have to pay to all three hired employees 5 years from today? (Increase decimal places for any intermediate calculations, from the default 2 to, for example, 6 or even higher. The more the better! Only round your final answer to TWO decimal places: for example, 1,000.23. DO NOT use "$" in your answer.)