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QUESTION 7 A 25-year-old engineer is planning for his retirement will place beginning next year 8% of his salary each year into a retirement account

QUESTION 7 A 25-year-old engineer is planning for his retirement will place beginning next year 8% of his salary each year into a retirement account that pays 6% per year. If the engineer currently earns $55,555.56 a year and he expects his salary to increase by 3% per year, how much will he have in his retirement account in 30 years $484 441 $860,494 $574,083 $999.537

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