Your deposit increases by 25 per month each year as your
You deposit $250 per month (10% of your salary) in a savings account that earns 6% nominal interest. Your deposit increases by $25 per month each year as your salary increases. What do you have saved after 5 years?
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your salary in year 1 is 30000 you deposit 10 at the end of each year in a savings account that earns 6 interest your
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