Sam, Julio, and Phil all began working as managers at the same time, but at different
companies. They were each given a salary schedule when they began.
The schedules showed the following projected salaries for the first five years of
employment:
• Sam: [tex][tex]$50,000; $[/tex][/tex]50,750; [tex][tex]$51,511; $[/tex][/tex]52,284; [tex][tex]$53,608
.
.
Julio: $[/tex][/tex]50,000; [tex][tex]$52,000; $[/tex][/tex]54,000; [tex][tex]$56,000; $[/tex][/tex]58,000
Phil: [tex][tex]$50,000; $[/tex][/tex]51,500; [tex][tex]$53,100; $[/tex][/tex]54,800; $56,600
Whose salary schedule is based on an exponential model?
Julio
Phil
Sam