Question
An engineer will deposit 10% of her salary each year into a retirement fund. If her current annual salary is $87,000 and she expects that
expects that it will increase by 9% each year, what will be the present worth of the fund after 30 years if it earns 9% per year?
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Get StartedRecommended Textbook for
Engineering Economy
Authors: Leland T. Blank, Anthony Tarquin
8th edition
73523439, 73523437, 978-0073523439
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