An engineer deposits $3000 into a retirement account at the end of each year. The account pays
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An engineer deposits $3000 into a retirement account at the end of each year. The account pays interest at the rate of 6 percent per year, compounded annually. Using Excel, determine (a) How much money will have accumulated over 30 years. (b) How long it will take for the engineer to accumulate $300,000.
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