Your beginning salary is 70000 you deposit 10 each year in, Ask an Expert

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Your beginning salary is 70,000. You deposit 10% each year in a savings account that earns 6% interest. Your salary increases by 5% per year and inflation is 3% per year. What value does your savings account show after 40 years? What is the value in Year-1 dollars?

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Financial Management, Finance

Category:- Financial Management
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