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P3-15 (similar to) Present value. You are currently in the job market. Your dream is to earn a six-figure salary ($110,000). You hope to accomplish
P3-15 (similar to) Present value. You are currently in the job market. Your dream is to earn a six-figure salary ($110,000). You hope to accomplish this goal within the next 20 years. In your field, salaries grow at 3.5% per year. What starting salary do you need to reach this goal? What starting salary do you need to reach this goal? (Round to the nearest cent.)
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