A job pays a salary of $25,000 the first year. During the next 22 years, the salary increases by 6% each year. What is the total lifetime salary over the 23-year period?

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\[tls = 25000(1.06)^{y-1}\]

so, when y=1, after the first year, he makes a salary of $25000. After that, his salary compounds at a rate of 6% per year, until y=23.

Also, remember that this equation calculates what his final salary is; not what he made over a 23 year period, lol

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