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3 5 . SALARY COMPARISONS A Stenton Printing Co . employee whose current annual salary is $ 4 8 , 0 0 0 has the

35. SALARY COMPARISONS A Stenton Printing Co. employee whose current annual salary is $48,000 has the option of taking an annual raise of 8%/year for the next 4 years or a fixed annual raise of $4000/year. Which option would be more profitable to him considering his total earnings over the 4-year period?

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