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QUESTION 3 Immediately after beginning her engineering career, Maria establishes an investment plan and invests 25% of her $100,000 salary. a. If her salary increases
QUESTION 3 Immediately after beginning her engineering career, Maria establishes an investment plan and invests 25% of her $100,000 salary. a. If her salary increases by 4% per year over her professional career and she is able to earn 8% annually on her investments, how much will be in her investment account after 40 years if she continues to invest 25% of her salary? (3 points) b. She is planning to retire after 40 years. How much of equal amounts can she withdraw per year right after her retirement if she plans to do so for 25 years? (Assume interest rate stays at the same rate of 8% per year). (2 points)
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