You've earned your degree and have been hired by an established company. You were able to negotiate a beginning salary of $2500 per month with annual 6% raises each year. Based on this situation, respond to the following:
Make a model of this scenario using the exponential function form Q=Q_0×?(1+r)?^t.
Compute the independent variable?
Determine the dependent variable?
Make a table showing the first 10 units of time.
Make a graph of exponential function.
Does your graph reflect growth or decay? Whether you claim growth or decay, briefly discuss what it (growth or decay) means as it relates to the given scenario.