An Employee of Stenton Printing Whose Current Annual Salary Is

question 47

Short Answer

An employee of Stenton Printing whose current annual salary is $44,000 has the option of taking an annual raise of 8%/year for the next 3 yr or a fixed annual raise of $3,300/year. Which option would be more profitable to him considering his total earnings over the 3-yr period?
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Annual raise of __________ /year