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Two people begin working on the same day for the same company. The starting salary of Person A is $51,000 and the starting salary of
Two people begin working on the same day for the same company. The starting salary of Person A is $51,000 and the starting salary of Person B is $41,000. Each person gets an annual raise of 3.5%. Part A: How much money will Person A make in Year 5?
Part B: How much money will Person B make in Year 5?
Part C: How much more money will Person A make in the first five years (total) compared to Person B?
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