A basketball player signs a contract with a starting salary of 850,000 per year and an annual increase of 4.5% beginning in the second year. What will the athletes salary be, to the nearest dollar, in the sixth year?

850,000 (.045) = 38,250

Year 2: 850,000+38,250=888,250

Year 3: 888,250+38,250=926,500

Year 4: 926,500+38,250=964,750

Year 5: 964,750+38,250=1,003,000

Year 6: 1,003,000+38,250=1,041,250

In his/her sixth year, the salary will be $1,041,250.

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