matt is a 25 year old engineer and his salary, Macroeconomics

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matt is a 25 year old engineer and his salary

Matt is a 25 year old engineer, and his salary next year will be $60,000. Matt expects that his salary will increase at a steady rate of 5% per year until his retirement at age 65. If he saves 10% of his salary each year and invest these savings at an interest rate of 9%, how much will he have at his retirement?

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Macroeconomics: matt is a 25 year old engineer and his salary

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