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Sidana [21]
3 years ago
12

Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received y

our salary of $65,000 and you plan to spend all of it. However, you want to start saving for retirement beginning next year. You have decided that one year from today you will begin depositing 9 percent of your annual salary in an account that will earn 10.5 percent per year. Your salary will increase at 2 percent per year throughout your career. How much money will you have on the date of your retirement 35 years from today?
Business
1 answer:
bulgar [2K]3 years ago
6 0

Answer:

$2,171,762

Explanation:

since there is not enough room here I used an excel spreadsheet

Download pdf
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4 years ago
True or false: if hubert's fire engines were a competitive firm instead and $80,000 were the market price for an engine, decreas
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3 years ago
Which of the following is not a capital expenditure? Multiple Choice Advertising expenditures to introduce a new product line Sa
Aliun [14]
<h3>Advertising expenditures to introduce a new product line is not a capital expenditure. </h3>

Explanation:

  • Buying a new machinery and associated sales tax is a capital investment.
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8 0
3 years ago
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omeli [17]

Answer:

Control

Explanation:

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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