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Barry is a new lawyer. His starting salary this year is $75,000, and based on historic trends, he expects his salary to increase by 15%

Barry is a new lawyer. His starting salary this year is $75,000, and based on historic trends, he expects his salary to increase by 15% per year for each of the next five years as he gets promoted. If his projections are correct, how much can he expect to earn in five years?

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