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The hourly rate of your new job is $5.00 per hour. You expect a raise of 9% each year. At the end of your first year, you receive your first raise. What will your hourly rate be at the end of your fifth
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The hourly rate of your new job is $5.00 per hour. You expect a raise of 9% each year. At the end of your first year, you receive your first raise. What will your hourly rate be at the end of your fifth year?*​

User Prashant Shastri
by
3.3k points

1 Answer

5 votes

Answer:

Explanation:

$5×1.09 = $5.45

User Darem
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