Stu takes a job with a starting salary of $65,000 for the first year. He earns a 2% increase each year. To the nearest dollar, how much does Stu make over the first five years?

Stu’s yearly salaries are $65,000, $66,300, $67,626, $68,978.52, and $70,358.09, since each year’s salary is 1.02 times the previous year’s. Their total is $338,262.61, which rounds to $338,263. The correct choice is C, $338,263.

AI-written and checked against the verified answer.