Business, 25.09.2020 03:01 macycj8

Mary’s starting salary as an Industrial Engineer is $55000. She is planning to place a total of 5% of her salary each year in a mutual fund (which is an investment program). She expects a 3% salary increase each year for the next 30 years of employment. If the mutual fund will have 9% annual return over the course of her career, what can Mary expect at retirement (i. e. after 30 years)

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Mary’s starting salary as an Industrial Engineer is $55000. She is planning to place a total of 5% o...

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