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Q9 - Suppose that your current wage is 570.000 per year and each year you save 1/10 of your wage at your savings account. If

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Q9 - Suppose that your current wage is 570.000 per year and each year you save 1/10 of your wage at your savings account. If your wage rises by 7% each year and plan to work for 20 years in total what is the present equivalent value of your saving account at i=12%. What is the present equivalent of your savings? How much Money will accumulate in your account at the end of 20 yea rs

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