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As an employee, would you have a higher final income after being given a $3000 raise at the end of each year for 5 years
As an employee, would you have a higher final income after being given a $3000 raise at the end of each year for 5 years or a $500 raise at the end of each quarter for 5 years? Calculating the total raise after a $3000 raise at the end of each year for 5 years gives Calculating the total raise after a $500 raise at the end of each quarter for 5 years gives $3000=$ $500=$ Which option nets the highest total raise after 5 years? a $3000 raise at the end of each year for 5 years a $500 raise at the end of each quarter for 5 years
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