If your starting salary is $40,000 and you recieve a 3% increase at the end of every year, what is the total amount, in dollars, you will earn over the first 16 years that you work?
round your answer to the nearest whole dollar, and express your answer without using commas.

An oil exploration company currently has two active projects, one in asia and the other in europe. let a be the event that the asian project is successful and b be the event that the european project is successful. suppose that a and b are independent events with p(a) = 0.2 and p(b) = 0.8. (a) if the asian project is not successful, what is the probability that the european project is also not successful? (b) what is the probability that at least one of the two projects will be successful? (c) given that at least one of the two projects is successful, what is the probability that only the asian project is successful? (round your answer to three decimal places.)