During the first year with a company, Finley was paid an annual salary of $59,000, with an 8% raise for each following year.

Question

During the first year with a company, Finley was paid an annual salary of $59,000, with an 8% raise for each following year. Which equation represents Finley's annual
salary, f(n), during the nth year?
f(n) = 59,000(1.08-1)
f(n) = 59,000(0.087-1)
f(n) = 59,000(1.08")
f(n) = 59,000(0.92")

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