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Engineering economics 43 A civil engineer planning for her retirement places 10% of her salary each year into a high-technology stock fund. If her salary

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43 A civil engineer planning for her retirement places 10% of her salary each year into a high-technology stock fund. If her salary this year (end of year 1) is S160.000 and she expects her salary to increase by 3% each year, what will be the future worth of her retirement fund after 15 years provided it earns 7% per year

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