You are offered a job that pays $44 comma 000 during the first year, with an annual increase of 5% per year beginning in the second year. that is, beginning in year 2, your salary will be 1.05 times what it was in the previous year. what can you expect to earn in your fourth year on the job? round your answer to the nearest dollar.

$  50936

Step-by-step explanation:

Given,

The earning in first year, P = $ 44,000

If the rate of increasing of payment after completing 1 year,

r = 5% = 0.05,

Then, the earning at the beginning of (x-1)th year or after x years,

Hence, if x = 3 years,

Then the earning in beginning of fourth year or after completing 3 years,

i think it would be 42cm