Question: Two people begin working on the same day for the same company. The starting salary of Person A is $50,000 and the starting salary of

Two people begin working on the same day for the same company. The starting salary of Person A is $50,000 and the starting salary of Person B is $45,000. Each person gets an annual raise of 3.5%. Part A: How much money will Person A make in Year 5? Person A's salary in Year 5 = $ Part B: How much money will Person B make in Year 5? Person B's salary in Year 5 = $ Part C: How much more money will Person A make in the first five years (total) compared to Person B? Answer: $

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