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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 salary this year (end
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 $160,000 and she expects her salary to increase by 4% each year, what will be the future worth of her retirement fund after 14 years provided it earns 10% per year?
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