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Statistics Assignment | Professional Writing Services

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February 15th, 2020

Your monthly salary is $5,000 (i.e. $60,000 per year). Every year, you expect an annual salary growth of 5%, the ±rst adjustment will be made at the end of the year.

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Your plan is to contribute $2,000 to your parents every month and save the remaining amount. Assume that the interest rate is 8%. What is the amount of money you would have accumulated in 10 years?

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