An individual who makes 32000 per year anticipates retiring, Microeconomics

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An individual who makes 32000 per year anticipates retiring

An individual who makes $32,000 per year anticipates retiring in 30 years. If his salary is increased by $600 each year and he deposits 10% of his yearly salary into a fund that earns 7% interest, what is the future worth at retirement? 9-7 For the following cash flows, compute the future worth.

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Microeconomics: An individual who makes 32000 per year anticipates retiring

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