justine earned 17,000 during the first year of her job at a city hall. After each year she received a 4% raise. Find her total earnings during the first five years on the job
This is given by
a(1- r^n)/ (1 - r) where a is the first term, r is the common ratio and n is the number of terms (years)....so we have....
17000(1 - 1.04^5) /(1 - 1.04) = $92,077.48
