Your salary in year 1 is 30000 you deposit a fixed


Your salary in year 1 is $30,000. You deposit a fixed percentage at the end of each year in a savings account that earns 6% interest. Your salary increases by 5% per year. What percentage must you deposit to have $1M after 40 years?

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Business Economics: Your salary in year 1 is 30000 you deposit a fixed
Reference No:- TGS02602983

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