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A large software company is planning to hire three senior software developers and offer them a very competitive annual salary: End of year 1 (or

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A large software company is planning to hire three senior software developers and offer them a very competitive annual salary: End of year 1 (or 1 year from today): hire the first developer and immediately pay $61,000 as a lump sum for the first year of work. End of year 2 (or 2 years from today): hire the second developer and immediately pay $69,000 as a lump sum for the first year of work. End of year 3 (or 3 years from today): hire the third developer and immediately pay $79,000 as a lump sum for the first year of work. The company is planning for generous salary increases at the annual rate of 3%. How much TOTAL salary will the company have to pay to all three hired employees 5 years from today? (Increase decimal places for any intermediate calculations, from the default 2 to, for example, 6 or even higher. The more the better! Only round your final answer to TWO decimal places: for example, 1,000.23. Do NOT use "$" in your answer.) A large software company is planning to hire three senior software developers and offer them a very competitive annual salary: End of year 1 (or 1 year from today): hire the first developer and immediately pay $61,000 as a lump sum for the first year of work. End of year 2 (or 2 years from today): hire the second developer and immediately pay $69,000 as a lump sum for the first year of work. End of year 3 (or 3 years from today): hire the third developer and immediately pay $79,000 as a lump sum for the first year of work. The company is planning for generous salary increases at the annual rate of 3%. How much TOTAL salary will the company have to pay to all three hired employees 5 years from today? (Increase decimal places for any intermediate calculations, from the default 2 to, for example, 6 or even higher. The more the better! Only round your final answer to TWO decimal places: for example, 1,000.23. Do NOT use "$" in your answer.)

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