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carolinec
a basketball player signs a contract with a starting salary of $850,000 per year and an annual increase of 4.5% beginning the second year. What will the athlete's salary be in the sixth year?
the point of these problems is to get you to understand how to do it on your graphing calculator.
Irawrd is right, but can it can be done algebraically. Percent is out of 100 so 4.5%= .045 You could multiply 850000 x .045 = 38250+850000= 888250 x .045 =39971.25 + 888250 = 928221.25 and on and on to six times. That's the hard way. The easy way is to just put it in the graphing calculator.