A factory ratified a new contract. The new starting wage is $14.25. Next year on June 1 the wages will increase 4%. The year after next, the increase will be another 4%. The year after that the increase will be 2%. What will the starting wage be three years from now?

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A factory ratified a new contract. The new starting wage is $14.25. Next year on June 1 the wages will increase 4%. The year after next, the increase will be another 4%. The year after that the increase will be 2%. What will the starting wage be three years from now?