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Accelerating personal savings rate is one strategy to help someone save effortlessly. Answer the following questions based on this strategy. Assume that you begin saving

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Accelerating personal savings rate is one strategy to help someone save effortlessly. Answer the following questions based on this strategy. Assume that you begin saving 3% of your total income into an employer-provided retirement plan at work. How long will it take for you to be saving at least 18% of your income if your employer provides a 4% wage increase yearly and you save half of each year's increase? (Round answer to 0 decimal place, e.g. 5275.) It will take approximately years to atleast save 18% of your income. Based on your calculations from part a, how much will you be saving (using the end-of-year savings rate) over the next 10 years if you earn $31,000 this year? (Round answer to 0 decimal place, e.g. 5275.) The amount of savings over next 10 years will be $ Accelerating personal savings rate is one strategy to help someone save effortlessly. Answer the following questions based on this strategy. Assume that you begin saving 3% of your total income into an employer-provided retirement plan at work. How long will it take for you to be saving at least 18% of your income if your employer provides a 4% wage increase yearly and you save half of each year's increase? (Round answer to 0 decimal place, e.g. 5275.) It will take approximately years to atleast save 18% of your income. Based on your calculations from part a, how much will you be saving (using the end-of-year savings rate) over the next 10 years if you earn $31,000 this year? (Round answer to 0 decimal place, e.g. 5275.) The amount of savings over next 10 years will be $

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