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You Are Offered Two Jobs Starting on July 1st of 2008.Firm

Question 107

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You are offered two jobs starting on July 1st of 2008.Firm A offers you $50,000 a year to start and you can expect an annual raise of 4% every July 1st.At firm B you would start at $40,000 but can expect an annual 6% increase every July 1st.After how many years would the job at firm B first pay more than the job at firm A?

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