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A software engineer planning for his retirement will deposit 12% of his salary each year into a high technology stock fund. If his salary this year is S 120,000 and he expects his salary to increase 5% each year, how much will he have in the fund after 15 years if the fund earns 15% per year? Draw the cash flow diagram.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92054851

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