a professional basketball player signs a contract with a beginning salary of PhP 3M for the first year and an annual increase of 5% per year beginning in the second year. what is the athletes salary for year 5 of the contract?
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Answer:
Php3,750,000.00
Step-by-step explanation:
A = P(1 + rt)
A = 3000000(1 + (0.05 × 5)) = 3750000
A = Php3,750,000.00
sana tama :))))