You currently earn ​$1300 per​ month, but you are expecting your earnings to rise 20​% per year. In five​ years, what should you expect to be​ earning? A) In five​ years, you should expect to be earning exactly ​$1300 per month because the 20​% increase in earnings does play any effect. B) In five​ years, you should expect to be earning somewhat more than ​$1300 per month because the 20​% increase in earnings is very small.   C) In five​ years, you should expect to be earning somewhat more than ​$1560 per month because your earnings rise 20​% per​ year, which are added to the earnings of the previous month.   D) In five​ years, you should expect to be earning exactly ​$1560 per month because your earnings rise 20​% per​ year, or ​$260 dollars per year.   E)In five​ years, you should expect to be earning somewhat less than ​$1560 per month because your earnings rise 20​% per​ year, which are subtracted from the earnings of the previous year.   F)In five​ years, you should expect to be earning somewhat less than ​$1300 per month because the 20​% increase in earnings is very small.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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You currently earn ​$1300 per​ month, but you are expecting your earnings to rise 20​% per year. In five​ years, what should you expect to be​ earning?

A) In five​ years, you should expect to be earning exactly ​$1300 per month because the 20​% increase in earnings does play any effect.

B) In five​ years, you should expect to be earning somewhat more than ​$1300 per month because the 20​% increase in earnings is very small.
 
C) In five​ years, you should expect to be earning somewhat more than ​$1560 per month because your earnings rise 20​% per​ year, which are added to the earnings of the previous month.
 
D) In five​ years, you should expect to be earning exactly ​$1560 per month because your earnings rise 20​% per​ year, or ​$260 dollars per year.
 
E)In five​ years, you should expect to be earning somewhat less than ​$1560 per month because your earnings rise 20​% per​ year, which are subtracted from the earnings of the previous year.
 
F)In five​ years, you should expect to be earning somewhat less than ​$1300 per month because the 20​% increase in earnings is very small.
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