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My answer is wrong .. Your employer automatically puts 10 percent of your salary into a 401(k) retirement account each year. The account earns 10%

My answer is wrong ..

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Your employer automatically puts 10 percent of your salary into a 401(k) retirement account each year. The account earns 10% interest. Suppose you just got the job, your starting salary is $50000, and you expect to receive a 2% raise each year. For simplicity. assume that interest earned and your raises are given as nominal rates and compound continuotuly. Find the value of your retirement account after 15 years Value - S[ 70421 3:] Submit

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