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Use excel spreadsheet to solve the following problems Problem 1: A young engineers stating salary is 55,000. The engineer expects annual raises of 3%. The
Use excel spreadsheet to solve the following problems Problem 1: A young engineers stating salary is 55,000. The engineer expects annual raises of 3%. The engineer will deposit 10% of the annual salary at the end of each year in a savings account. What is the savings interest rate must be so that there will be $150, 000 in savings for a business start-up after 15 years. Your spreadsheet include at least columns for the year, the years salary, the years deposit, and the years cumulative savings.Show the formula you use for calculation
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