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what is the equation?

\[S _{n}=a _{1}\frac{ 1-r^n }{ 1-r }\]

That's a geometric series where a1 is the $50000 he makes in the 1st year and r = 0.03, the raise

^^ such sophistication lol :)

what do i put in the variables?

well .. they got here first. LOL

rather, 1.03 for r and 50000 for a1

okay. i got $573,193.97
is that right?

yes

yay thank you!