Question
Catstuff.com adjusts salaries based on changes in its stockprice, which has increased consistently at 1/8 its value per year. Yearly raises are the same fraction
Catstuff.com adjusts salaries based on changes in its stockprice, which has increased consistently at 1/8 its value per year. Yearly raises are the same fraction of the current salary as the yearly fractional change in stock prices. Tim currently earns $373,248 per year at Catstuff.com.
Find lastyear's salary, the salary in 3 years, and the salary 3 years ago.
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
538497904, 978-0538497909
