Amelia earns $36,000 in the first year from her new job and earns a 6% raise
each year. Which of the following models
Amelia's pay p, in dollars, in year t of
her job?
A) p(0) = 36,000, p(t) = 1.06. p(t-1)
for t1
B) p(1)= 36,000. p(t)= 1.06. p(t-1)
for t22
p{t) = 36,000. 1.06'-' for 2 1
D) p(t) = 1.06. 36,000'-' for 1 2 1
E) p(t) = 1.06(t-1) + 36,000 for > 1
p(t) = 38,160 x 1.06'-2 for t>_1