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A civil engineer planning for her retirement places 8% of her salary each year into a high-technology stock fund. If her
Posted: Thu May 19, 2022 9:27 am
by answerhappygod
- A Civil Engineer Planning For Her Retirement Places 8 Of Her Salary Each Year Into A High Technology Stock Fund If Her 1 (33.77 KiB) Viewed 43 times
A civil engineer planning for her retirement places 8% of her salary each year into a high-technology stock fund. If her salary this year (end of year 1) is $170,000 and she expects her salary to increase by 4% each year, what will be the future worth of her retirement fund after 16 years provided it earns 9% per year? The future worth of her retirement fund will be $