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You are offered two jobs. One initially pays $50,000 annually, and the salary will grow annually at 5%. The other pays $45,000 annually, but the
You are offered two jobs.
One initially pays $50,000 annually, and the salary will grow annually at 5%.
The other pays $45,000 annually, but the salary will grow at 8%.
After 10 years which job will pay the HIGHER ANNUAL SALARY?
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