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Problem related to salary comparisons

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Question: SALARY COMPARISONS A Stenton Printing Co. employee whose current annual salary is $48,000 has the option of taking an annual raise of 8%/year for the next 4 yr or a fixed annual raise of $4000/year. Which option would be more profitable to him considering his total earnings over the 4-yr period?

Reference no: EM131565665

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