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Your salary in year-one is $45,000. At the end of each year you plan to deposit 10% of your salary into an investment account that

Your salary in year-one is $45,000. At the end of each year you plan to deposit 10% of your salary into an investment account that earns 6% interest per year ( annual percentage rate, APR ). Your salary increases by 5% per year. What value does your investment account show after 40 years? Solve this problem with Excel. 2

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