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Suppose a man received an annual salary of 60,000, increasing linearly at the rate of 5000 a year. If the money is worth 10%, determine

Suppose a man received an annual salary of 60,000, increasing linearly at the rate of 5000 a year. If the money is worth 10%, determine his equivalent annual salary for a period of 8 years.

a. 0.001845 b. 30.016 c. 50.681 d. 0.01973

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