Your beginning salary is $50,000. You deposit 10% at the end of each year in a savings

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Your beginning salary is $50,000. You deposit 10% at the end of each year in a savings account that earns 6% interest. Your salary increases by 5% per year. What value does your savings book show after 40 years?

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Question Posted: May 24, 2016 06:55 AM

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Your beginning salary is $50,000. You deposit 10% at the end of each year in a savings

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5 Year Salary 5000000 5250000 30000 5512500 63300 5788125 100173 6077531 140912 12 2 3 4 5 6 7 8 9 1...View the full answer

Engineering Economic Analysis

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