Problem
Your beginning salary is $30,000. 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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.