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Chapter 2, Problem 143 (GO Tutorial) Susan gets a job upon completion of her MSME degree with a mechanisms design firm. Her starting salary is
Chapter 2, Problem 143 (GO Tutorial) Susan gets a job upon completion of her MSME degree with a mechanisms design firm. Her starting salary is $75,000; each successive year she gets a 3 percent raise. Assuming she deposits 10 percent of her salary each year into a fund earning 8 percent interest, how much money will she have in 10 years to donate to her university? Round your answer to the nearest dollar. The tolerance is +-100
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