Which job pays the higher salary

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Reference no: EM1368798

After ten years, which job pays the higher salary?

You are offered two jobs. One initially pays $100,000 annually, and your salary will grow annually at 11.5%. The other pays pays $97,000 annually, but your salary will grow at 12%. After ten years, which job pays the higher salary?

Reference no: EM1368798

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