You have two job offers, starting November 1st, 2020. At Company A you will have an initial annual salary of $75,000 and a raise of
7% on November Ist of each year thereafter. Here, the 7% raise is computed based
on the salary on the date the raise is given. So, on November 1st, 2021 your salary
would be $80,250, and then on November 1st, 2022 it would be $85,867.50, and so
on.
At Corporation B you will have an initial salary of $90,000 and a raise of 2% on
November 1st of each year thereafter.
On November 1st of what year would the salary at Company A be greater
than the salary at Corporation B?
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