A new employee is offered two salary packages. Both start with an initial salary of $44,000. Package A offers a $2500 increase each year. Package B offers a 4.5% increase each year. After 7 years, the annual salary with package A would be $_______ and the annual salary with package B would be $_______. Round both answers to the nearest dollar.

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The Answer of A new employee is offered two salary packages. Both start with an initial salary of $44,000. Package A offers a $2500 increase each year. Package B offers a 4.5% increase each year. After 7 years, the annual salary with package A would be $_______ and the annual salary with package B would be $_______. Round both answers to the nearest dollar.

A New Employee Is Offered Two Salary Packages