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Katy contributes 6% of her salary tp a pension plan at the end of each year. She strated this year with the salary of $70,000
Katy contributes 6% of her salary tp a pension plan at the end of each year. She strated this year with the salary of $70,000 per year. Assuming that her salary is increased by 3% and the interest rate of the pension plan is 7%. Calculate the amount of money in her account after 10 years.
a.33,266
b.48696
c.55,493
d. 95,787
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