Markeeta, a recent college graduate, received two job offers. Company A offered her an initial salary of $38,300 with guaranteed annual increases of $2,200/year for the first 5 yr. Company B offered an initial salary of $40,200 with guaranteed annual increases of $1,600 per year for the first 5 yr.
Which company is offering a higher salary for the fifth year of employment?
a. Company B
b. Company A
c. Both companies offer the same salary for the fifth year
b. Company A
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