You are looking ahead to retirement and desire to invest 7 percent of your salary in investments
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You are looking ahead to retirement and desire to invest 7 percent of your salary in investments earning 6 percent. You expect your salary to increase at 5 percent per year throughout your working life of 35 years. If you are now earning $50,000 and you will make your first investment at the end of this year, which of the following is the correct estimate of the future value of your investments at retirement?
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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