Salary for a five-year contract

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Reference no: EM131012567

You are investigating two employment opportunities. Company A otters $30,000 the first year. During the next four years, the salary is guaranteed to increase by 6% per year. Company B offers $32,(XX) the first year, with guaranteed annual increases of 3% per year after that. Which company offers the better total salary for a five-year contract? By how much? Round to the nearest dollar.

Reference no: EM131012567

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