Question

The average annual salary for a teacher national is $58,350 this is projected to increase 2% per year for the next four years what will your projected annual salary be in four years

Answer 1

Explanation:

`F=Ir^t,\text{ where F=final amount, I=initial amount, r=rate of change, t=time}\\ \\ F=58350(1.02)^4\\ \\ F=\$ 63159.92`