Last year, Baldwin corp paid their workers $26. 81 per hour. They will be paid $29.56 two rounds from then.
It is shown from Baldwin's statement that they increase the salaries of workers by 5% every year.
In 2 rounds/years, therefore, the salary will be:
= 26.81 × (1 + 5%) ²
= 26.81 * 1.05²
= 29.558025
= $29.56
Therefore in 2 rounds from now, they will be paid $29.56.
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