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You have two job offers. Job offer #1 includes a starting annual salary of $50,000 with guaranteed 5% annual increases for the next 6 years.

You have two job offers. Job offer #1 includes a starting annual salary of $50,000 with guaranteed 5% annual increases for the next 6 years. Job Offer #2 includes a starting annual salary of $40,000 with guaranteed 10% pay increases each year for the next 6 years. Assume in either case none of the salary you receive will be invested. How much will you be making in year 6 at each job? Which job should you take? Why

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