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An employee joined a company in $2009$ with a starting salary of $\$50,000.$ Every year this employee receives a raise of $\$1000$ plus $5\%$ of the salary of the previous year.

  1. Set up a recurrence relation for the salary of this employee $n$ years after $2009.$
  2. What will the salary of this employee be in $2017?$
  3. Find an explicit formula for the salary of this employee $n$ years after $2009.$
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