If you have been hired at an annual salary of $23000and expeck to receive annual increases of 5% what will your salary be when you begin your seventh year?
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If you have been hired at an annual salary of $23000and expeck to receive annual increases of 5% what will your salary be when you begin your seventh year?
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- if a client earns 100 000$ per annum now and is guaranteed of 5% increase over the 12 years to retirement, what will the retirement salary be?A client currently has $100,000 earmarked for retirement and expects a 7% annual return on the account both preretirement and post retirement. What is the income at the beginning of each month the account could provide for 20 years in retirement if the client is currently age 40 and plans to retire at age 67?You are offered a job that pays $37,000 during the first year with an annual increase of 9% per year beginning in the second year. That is, beginning in year 2, your salary will be 1.09 times what it was in the previous year. What can you expect to earn in your fourth year on the job? Round your answer to the nearest dollar.
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