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You just got a job offer. The salary the first year would be 1 0 0 k , the second year it would be 3

You just got a job offer. The salary the first year would be 100k, the second year it would be 30% more, and the 3rd year it would increase again by another 20%. Thereafter, you would receive a 4% percent raise annually indefinitely. The interest rate is currently 5%. Your other job offer is offering you a flat salary of $150K a year, and they have indicated you will never get a raise. Assuming all else equal about the jobs, which salary is better? Solve for each, show all calculations, and show the comparison.

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