Alex earns 85000 per year and decides to invest 12 of his, Ask an Expert

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Alex earns $85,000 per year and decides to invest 12% of his salary in a savings account with a return of 7% at the end of each period for 10 years for future use. a)If his salary increases by 2.5% every year, What would the future worth of his investments be equal to? b) If his salary increases by $500 every year, what would the future worth of his investments be equal to?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91709200

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