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economic for engineers 1) (20 pt.) An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his salary

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economic for engineers

1) (20 pt.) An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his salary is increased by $2000 each year and he deposits 10% of his yearly salary into a fund that eains 7% interest compounded quarterly, what will be the amount accumulated at the time of his retirement

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