Question: Your initial salary will be $60,000 per year. Your plans are to invest 10 percent of your gross salary each month. You believe your salary

Your initial salary will be $60,000 per year. Your plans are to invest 10 percent of your gross salary each month. You believe your salary will increase annually at a rate ranging from 3 percent to 15 percent, depending on your performance. Likewise, after analyzing various investment opportunities, you anticipate earning between 5 percent and 10 percent annually on your investment portfolio of mutual funds, stocks, bonds, U.S. Treasury notes, and certificates of deposit. Your annual inflation will most likely vary from 2 percent to 5 percent over your professional career.

With this information in hand, calculate the range of possible values of your net worth, first after 30 years of employment, and second after 40 years of employment

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