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FV of a single lump sum:Dave's current salary is $38,000. Dave will be entitled to 2.5% raise at the end of each year. compute dave's

FV of a single lump sum:Dave's current salary is $38,000. Dave will be entitled to 2.5% raise at the end of each year. compute dave's salary right before returmment after receiving 25 raises.

Example of answer:

549.96

Two decimal points

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