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Please help Your beginning salary is $30, 000 per year. You deposit 10% each year in a savings account that earns 6% annual interest. Your

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Your beginning salary is $30, 000 per year. You deposit 10% each year in a savings account that earns 6% annual interest. Your salary increases by 5% per year. What value does your savings account show after 40 years ? (answer $973, 719) If inflation is 3% per year, what is the value of your savings account in year-1 dollars ? (answer $307, 455)

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