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WEPAS ALG#17 Exponential Growth & Decay
Contributed by: Hulett
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The hourly rate of your new job is $5 per hour.
You expect a raise of 9% at the end of each year. 
What will your hourly rate be at the end of your
fifth year?

A.  $5.45        B.  $7.25       C.  $7.69        D. $9.50
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