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please show formulas You have recently graduated and just started your first job. Your financial advisor has recommended saving for retirement to ensure you have

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You have recently graduated and just started your first job. Your financial advisor has recommended saving for retirement to ensure you have enough to live large and to leverage the time value of money. Data for your situation follows: Starting salary = $60,000 (at end of first year) Annual raises = 5% p.a. Current age = 25 Career = 40 years ROR in career = 10% p.a. Savings rate = 15% p.a. In the Retirement 1 tab, calculate the values going out to 40 years and graph the ending balances. Salary. S Saving. Rais 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Salary Saving NPV You have recently graduated and just started your first job. Your financial advisor has recommended saving for retirement to ensure you have enough to live large and to leverage the time value of money. Data for your situation follows: Starting salary = $60,000 (at end of first year) Annual raises = 5% p.a. Current age = 25 Career = 40 years ROR in career = 10% p.a. Savings rate = 15% p.a. In the Retirement 1 tab, calculate the values going out to 40 years and graph the ending balances. Salary. S Saving. Rais 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Salary Saving NPV

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