A company hires a new employee with a starting annual salary of $42,500. The company gives every employee a raise of 1.4% per year.

a. Is a linear or exponential equation most appropriate to model this situation?

b. Write an equation of the type you just identified that models the employee’s annual salary, A, as a function of time in years, t.

c. Use your equation to predict the annual salary of the employee after she has worked at the company for 17 years. Show your work. Use appropriate units. Round to the nearest whole number.