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A young engineer's starting salary is $55,000. The engineer expects annual raises of 2%. The engineer will deposit 10% of the annual salary at the

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A young engineer's starting salary is $55,000. The engineer expects annual raises of 2%. The engineer will deposit 10% of the annual salary at the end of each year in a savings account that earns 5%. How much will the engineer have saved for retirement after 40 years

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