(04.05 HC)
An applicant receives a job offer from two different companies.
Offer A is a starting salary of $55,000 and a 5% increase for 5
years. Offer B is a starting salary of $56,000 and an increase of
$2,000 per year.
Part A: Determine whether offer A can be represented by an
arithmetic or geometric series and write the equation for An, that
represents the total salary received after n years. Justify your
reasoning mathematically. (3 points)
Part B: Determine whether offer B can be represented by an
arithmetic or geometric series and write the equation for B, that
represents the total salary received after n years. Justify your
reasoning mathematically. (3 points)
Part C: Which offer will provide a greater total income after 5
years? Show all necessary math work. (4 points)